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Praxis Market Update
Nikos Siakavaras, Praxis Energy Agents S.A.
28 June 2017 12:16 GMT





Praxis Energy Agents S.A. logo. U.S. shale oil producers plan to keep drilling new wells despite this month's crude CLc1 price drop but expect to revisit spending should pricing remain below $45 a barrel for several months.. Newer operating efficiencies allow Pioneer to continue to drill more, he said. But if prices were to remain depressed for a longer term, "we can pare away and still be a growth company even in a $45 (per barrel) environment."

Singapore: Avails are fair Earliest Supply from 1st of July onwards.

Antwerp: Prompt supply earliest possible 30th of June onwards.



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Company: Praxis Energy Agents S.A.

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