CDN Oil & Gas Investing - Rystad says US oil production growth will halve in the next two years - CDN Oil & Gas Investing - InvestorVillage
CDN Oil & Gas Investing
This is a semi-private group. You are free to browse messages, but you must be a member of this group to post messages. Join This Group

Group: CDN Oil & Gas Investing   /  Message Board  /  Read Message

 
 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  3797 of 3864  at  9/11/2019 8:55:22 PM  by

ffrvp97


Rystad says US oil production growth will halve in the next two years

 

SMM: on Sept. 12, U. S. oil production will grow at about half the rate of 2018 over the next two years as shale prospectors face demands to return more cash to shareholders, according to Rystad Energy.

The forecast is the latest sign of a slowdown in shale oil production after a three-year surge. The flood of shale oil has weighed on global oil prices. Shale oil production will rise from about 12.4 million barrels a day to 14 million barrels a day by the end of 2020, down from 2 million barrels a day in the United States last year, Rystad said at a meeting in Houston on Wednesday.

"It is clear that the growth rate is slowing," said Artem Abramov, head of shale oil research at Rystad. "

https://news.metal.com


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 3     Views: 67
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...