Commodity Trade Mantra

Posts Tagged ‘Shale Oil Fields’

Collapse Of U.S. Shale Oil Production Has Begun

According to the U.S. Energy Information Agency (EIA) recent Drilling Productivity Report, shale oil production from the top fields is forecasted to decline 116,000 barrels per day in January 2016. Even though overall U.S. shale oil production is forecasted to be down 12% from its peak in March 2015, one of the largest fields in Texas is down a whopping 30%.

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