04
Feb
20:49
Oil majors cut back, OCTG demand threatened
Several oil and gas majors plan to trim their capital expenditures budgets in 2016, which is likely to keep oil country tubular good prices depressed, market sources tell Kallanish.
ConocoPhillips plans to lower its 2016 capital expenditures from $7.7 billion to $6.4 billion, “… primarily driven by reduced activity in the lower 48 [… states],” according to a quarterly earnings report.
Royal Dutch Shell likewise says in its earnings r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous