The US shale patch has been hit incredibly hard by COVID and the oil price crash, and while some analysts bet on a quick comeback, some others are more pessimistic.
Haps of unpaid debt, unsympathetic banks and investors, slow oil demand, and looming bankruptcies: this is the landscape in US shale oil right now. Most forecasts for the future, however, are upbeat, with analysts expecting production to actually rebound to pre-Covid-19 levels at some point in the next five years. But will it?
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