Eric G. Lee

Credit markets are at the center of how the U.S. shale industry will react to lower prices, an analyst said Monday. Weaker companies may eventually face reduced access to credit that has so far fueled much the U.S. shale oil boom, according to Citigroup's Eric G. Lee. A meeting of OPEC...

Oil drilling stocks were up a bit and refiners were down sharply on news that U.S. regulators approved the export of oil by two Texas companies. Citi Research's John Nelson called the move by the Commerce Department "an initial step toward exporting," the growing production of U.S...