U.S. Shale Growth Stalls As Oil Prices Fall ...Middle East

Softer oil and natural gas prices and rising costs are squeezing the profit margins in the U.S. shale patch, where the business activity growth stalled in the second quarter of the year.  While the Energy Information Administration (EIA) continues to expect record production from the shale plays, growth in output next month is set to be the slowest in six months. With oil and gas prices currently lower than at this time last year, drilling activity is slowing down and could further slow amid uncertainties about the economy and the…

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