Business

CERAWEEK US shale firms unlikely to drill at $100 a barrel unless high prices last longer, executives say

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Oil prices above $100 a barrel would not trigger a meaningful production increase ​in the U.S. unless they stay elevated for more than a quarter, shale executives said at the CERAWeek energy conference in ‌Houston, troubling news for consumers slammed by the energy crisis during the U.S.-Israeli war on Iran.

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