Highly-leveraged shale companies will be hardest hit by falling crude prices

摘要

According to Leading Associate Analyst Carlos Gomes of Edison speaking to Rigzone,the 30% crash in oil prices will severely impact these companies,like Chevron,Hess Corp,and Occidental Petroleum,compared to those firms that are highly hedge and focus more on conventional production.Meanwhile,the EIA lowered its forecasts for Brent spot prices from $61.25/bbl to $43.30/bbl and WTI spot prices from $55.71/bbl to $38.19/bbl.Standard Chartered lowered its forecasts for Brent prices this year by $29/bbl to $35/bbl.