RE:RE:US shale message to opecWill US Shale be a swing producer? Comment from John Hess:
In fact, John Hess, chief executive of Hess Corp last week took issue with labeling U.S. shale oil as a "swing producer." Hess told Reuters in an interview that U.S. shale firms should be rather considered as "short-cycle" producers, which might need up to a year to stop or restart production. [L2N1620W4]