MARKETS

BHP tips US downfall

THE world’s biggest offshore rig owners are positioning themselves for a market turnaround while BHP has offered an intriguing insight into its US shale exit, forecasting that US tight oil will lose its swing factor within four years.

Anthony Barich

BHP chief commercial officer Arnoud Balhuizen said in the diversified miner's latest economic and commodity outlook that there are "compelling market fundamentals" in the longer-term as it looks to sell...

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