OPEC Loses $76b for US Shale

• Tuesday, 16th May 2017
• by Editorial Team

OPEC lost $76b in 2016 due to low oil prices caused by rising US oil production.

OPEC Revenues to Fall 15% in 2016

• Sunday, 19th June 2016
• by Egypt Oil & Gas

OPEC's 2016 oil export revenues will probably fall 15% to $341b, down for the third straight year and possibly the lowest in more than a decade.

US EIA Forecasts Gas Production Decline in 2016

• Thursday, 11th February 2016
• by Egypt Oil & Gas

The US Energy Information Administration (EIA) revealed its forecast for US domestic natural gas production in 2016, which is expected to mount to 79.69bcf/d, marking the sixth annual record high.

US Shale Oil Production Expected to Decline

• Tuesday, 8th December 2015
• by Egypt Oil & Gas

U.S. shale oil production is expected to fall by above 600,000b/d in January as oil prices remain slashed to seven-year low, according to a U.S. government forecast.