The recent fall in oil prices is causing a downturn in stock markets all over the world.
Oil companies facing negative balance sheets are being pushed into labour force cuts and to delay future investments.
Times are also though for US shale oil producers. They have once deposited hopes that Saudi Arabia could bring some balance to the market. After the latest “freezing” negotiation developments, their last hopes might have completely vanished. Reporting Ellen R. Wald,  Modern Trader Magazine columnist:
barrel of oil for less than $50 a barrel. (...)
OPEC is not coming to bail out the shale oil producers. (...)
Saudi Arabia does not feel their pain (...) [it] may even welcome these minor inconveniences (...) [moving national]
economy towards some diversification.
Times are tough for shale producers and bankruptcies and asset sales are increasing. (...) Any relief producers
thought would come (...) has not materialized.
OPEC member Saudi Arabia and non-OPEC Russia reached a principle of agreement on February 16th to freeze oil production at January's levels. Joining the Saudi[/moving][/it][/1]…