U.S. shale firms, struggling to profit with $30 oil, slash spending more
January 27, 2016 at 01:01 AM EST
HOUSTON, Jan 27 (Reuters) - Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn a profit.