BHP cuts U.S. shale spending as oil to iron ore prices slide

MELBOURNE, Australia (Bloomberg) -- BHP Billiton Ltd., the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40% as plunging petroleum prices add to concerns about lower iron ore earnings.


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BHP cuts U.S. shale spending as oil to iron ore prices slide BHP cuts U.S. shale spending as oil to iron ore prices slide Reviewed by Crude Oil Facilitators on 00:47 Rating: 5

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