Shale expected to weather ‘lower for longer’ oil prices

Shale expected to weather ‘lower for longer’ oil prices

By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year on the decline after peaking at over $77 a barrel, sinking to a low of $58.21 a barrel at the end of April before rising to a range of $62.17 to $63.39 as of Sept. 10. As prices were affected by OPEC+ ending production cuts, tariffs, and geopolitical tensions, people began to wonder what would happen if oil prices remain lower for longer. That was the topic of an analy…