Whilst large European oil companies have resisted every attempt by the EU to get them to engage with the INSTEX mechanism to trade with Iran,
How much longer can the US shale industry survive. Amid a dreadful run of earnings reports that came out in recent days, and seem to support the notion that the results were not just a blip but indicative of problems bedevilling the sector as a whole and may well be the precursors to a fully-fledged breakdown.