United States Shale Industry Cut Exploration Expenditure Amid Weak Oil Prices

The United States shale industry plans to slash spending and reduce production growth as oil-linked contracts remain weak in the global market.

  • The higher shale output in the United States took the domestic oil production to an average of 12.4 million barrels a day in October 2019, which in turn, coupled with weak demand exerted pressure on oil prices.
  • The fall in oil prices has already diverted many energy investors toward alternative energy sources such as renewables in the expectation of better returns.

 

 

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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

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