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More Job Losses Coming To US Shale

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With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. Quicksilver Resources and American Eagle Energy are two of the six U.S. Source: [link].

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

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OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data.