US oil s cautious response to the energy crisis | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
U.S. shale producers are unlikely to replace banned Russian oil imports due to a shortage of oilfield materials, equipment and labor and a dwindling backlog of wells waiting to be completed, energy executives and analysts said. U.S. President Joe Biden imposed an immediate ban on Tuesday on Russian oil imports in retaliation for its invasion .
HOUSTON, March 8 - U.S. shale producers are unlikely to replace banned Russian oil imports due to a shortage of oilfield materials, equipment and labor and a dwindling backlog of wells waiting to be completed, energy executives and analysts said on Tuesday. U.S. President Joe Biden imposed an immediate ban on Tuesday on Russian oil |