Shale drillers in no rush to expand

OPEC’s oil cuts won’t tempt them to ramp up, 3 firms say

Posted: December 5, 2017 at 1:53 a.m.

A worker attaches a poster of the Organization of the Petroleum Exporting Countries at its headquarters in Vienna last week. With bills rising for gasoline and heating oil, consumers around the world are paying the price for a decision by OPEC and Russia last year to cut production.

Executives from three of the biggest independent U.S. drillers say they won't increase activity just because prices rise after the Organization of Petroleum Exporting Countries and its allies agreed to extend output curbs.

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