IEA Sees U.S. Shale Oil Shrinking in 2016 on Price SlumpBy
Supply set to fall by almost 400,000 barrels a day next year
Prices below $50 a barrel are halting drilling activity
U.S. shale oil production will drop 9 percent next year as a crude price below $50 a barrel “slams brakes” on years of supply growth, the International Energy Agency said.
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