US Shale Oil Production Expected to Record 8.1 M (b/d), Highest Since May 2020
US shale oil production is projected to reach 8.1 million barrels per day (b/d) in September 2021, recording the highest production levels since May 2020.
US shale oil production is projected to reach 8.1 million barrels per day (b/d) in September 2021, recording the highest production levels since May 2020.
The latest ADIPEC Energy Dialogue maintains that manufacturing is key to the mid-term revival of the oil and gas markets as consumer demand is expected to lag.
Qater has affirmed the need to maintain current oil supply curbs over the long-term to ensure the market continues to stabilise and guarantee that prices fully recover from the 2014 crash.
Riyadh and Moscow are considering extending Russia’s current short-term alliance with OPEC to curb oil production that began in January 2017 after a crash in crude prices.
Saudi Arabia exported a record amount of gasoline and diesel in January 2018, helping the kingdom to offset the crude production cuts mandated by OPEC.
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