IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

Green Car Congress
By mmillikinNov 7, 2019, 4:30 am483 ptsHot
US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. The new IHS Markit outlook for oil market fundamentals for 2019-2021 expects total US production growth to be 440,000 barrels per day…

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