U.S. shale oil production will peak by the late 2020s, triggering renewed demand for OPEC crude after an expected decline and stagnation, the oil cartel said.

Topics:  opec   u.s shale oil   
BING NEWS:
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    U.S. shale has provided that much-needed insulation against global price shocks that were previously inevitable when the Middle East caught geopolitical fire.
    04/25/2024 - 4:00 am | View Link
  • New technology helps US shale oil industry start to rebuild well productivity
    Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is ...
    04/23/2024 - 10:17 pm | View Link
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    04/21/2024 - 11:28 pm | View Link
  • U.S. Shale Oil Production Growth Is Slowing Down
    Enverus predicts U.S. crude oil output growth at 230,000 bpd this year. The EIA sees it at 260,000 bpd. Both figures are a fraction—although a large one—of the 1-million-bpd output growth in 2023.
    04/18/2024 - 5:00 am | View Link
  • OPEC sees robust summer oil demand, economic upside potential
    The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil ... sees world economic growth of 2.8 per cent in 2024, steady from last month, and said the U.S. economy ...
    04/10/2024 - 1:00 pm | View Link
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