Energy Up With Oil Futures As Production Fears Subside - Energy Roundup
Shares of oil and gas companies rose alongside oil futures as fears about rising U.S. production were mitigated by comments from industry insiders and a fall in Libyan production. Reports over the weekend that Libyan production fell by around 380,000 barrels a day helped the markets recover some of last week's losses. Mark Papa, the former chief executive of shale-oil powerhouse EOG Resources, told The Wall Street Journal that the widely held view that shale oil producers can quickly ramp up production is a misconception.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
March 05, 2018 16:27 ET (21:27 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.