US fracking firms stay in top gear despite oil price slump.

US fracking firms stay in top gear despite oil price slump. UNFAZED by slumping oil prices and battering in the stock market, firms that supply sand and guar gum for shale oil and gas companies are not ready yet to call an end to a four-year boom spurred by hydraulic fracturing technology.Just putting on a brave face as a downturn looms? Perhaps, but the optimism could also reflect confidence that the US shale industry is more resilient to retreating...

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US drillers cut oil rigs.

US drillers cut oil rigs. Energy companies reduced the number of rigs drilling for oil in the United States, while shifting more rigs in favor of natural gas, due to weaker crude prices, data showed.Energy traders have been watching the rig data closely to see if oil drillers are cutting back on the number of oil rigs due to the crude price drop. Analysts, however, have said there was not yet enough evidence to call...

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