Reuters: OPEC anticipates bankruptcy of US shelf companies - ForumDaily
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Reuters: OPEC Expects Bankrupt US Shelf Companies

OPEC countries are looking forward to the bankruptcy of US shelf companies. According to Reuter, in the organization of countries-exporters of oil, that soon American companies will fully experience the effect of a sharp fall in oil prices and the development of offshore oil will be suspended.

“Many companies are insured before the beginning of this year, a few — before the end of the year, and therefore you need to wait at least for the first quarter of the year to see the consequences,” said the Minister of Energy of the United Arab Emirates, Suhail al-Mazrui.

World oil prices have been falling since this summer. Now a barrel of Brent oil is trading at $54, writes Russian News Service.

Miscellanea In the U.S. USA economy oil
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