March 24, 2020 / 5:24 PM / 6 days ago

U.S. shale executive warns global oil glut will not soon clear

March 24 (Reuters) - U.S. shale producer EOG Resources does not expect the current oil oversupply to ease as quickly as it has in the past, an executive told an energy conference on Tuesday.

The company will continue to evaluate shale patch acquisitions, but it is not interested in expensive corporate deal-making, the executive said in a webcast as part of the Scotia Howard Weil energy conference. (Reporting by Liz Hampton)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below