3-5-18 4:27 PM EST | Email Article

Shares of oil and gas companies rose alongside oil futures as fears about rising U.S. production were mitigated by comments from industry insiders and a fall in Libyan production. Reports over the weekend that Libyan production fell by around 380,000 barrels a day helped the markets recover some of last week's losses. Mark Papa, the former chief executive of shale-oil powerhouse EOG Resources, told The Wall Street Journal that the widely held view that shale oil producers can quickly ramp up production is a misconception.


-Rob Curran, rob.curran@dowjones.com


(END) Dow Jones Newswires

March 05, 2018 16:27 ET (21:27 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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