For Oil Producers Cash Is King, and That's Why They Just Can't Stop DrillingBy and
Shale producers with growth plans at $40 oil have outperformed
U.S. crude output rose 19% even after $22 billion in cuts
Investors sent a surprising message to U.S. shale producers as crude fell almost 20 percent in August: keep calm and drill on.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.