Oil Prices Are Rising. Shale Isn’t Coming to the Rescue.
Benoît Morenne ( with inputs from The Wall Street Journal ) 5 min read 28 Sep 2023, 07:55 PM IST
SummaryFrackers are constrained by investor payouts, inflation and interest rates, keeping spending in check.
U.S. oil prices soared Wednesday to their highest level in more than a year. Most frackers plan to stay on the sidelines.