Chevron charge points to billions more in gas writedowns

Chevron charge points to billions more in gas writedowns
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13.12.2019

MOSCOW (MRC) -- Oil and gas producers could wipe billions of dollars more off the value of US natural gas assets in the months ahead, analysts said, after Chevron Corp became the fourth oil major to slash its estimates for sector values, reported Reuters.A long, steady increase in US gas productionВ - much of it a byproduct of the shale oil boomВ - has pushed prices for the fuel heading t

Full article at mrcplast.com

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