So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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The decrease in North American shale spending and activity could lead to an increase in global crude prices. Collin Eaton of FuelFix reports. IEA: North American cuts to bolster crude price By: Collin Eaton (FuelFix) HOUSTON The worlds foremost seers of future oil prices are adjusting their calculations to include this years brutal cost-cutting in North Americas shale plays. In a forecast Tuesday, the Paris-based International Energy Agency said upstream budget cuts and a shrinking number of active U.S. land rigs could bolster the price of oil by inciting greater global demand and choking off the rapid expansion of crude supplies in North America and elsewhere outside the Organization of the Petroleum Exporting Countries. These oil fields from Texas to North Dakota have been the biggest sources of a global glut in crude supplies, which has cut petroleum prices in half since June. Barring any unexpected supply disruption or major, energy-related change in policy, the market rebalancing