Weekly Oil summary, page-5

  1. 9,065 Posts.
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    It appears as though U.S. production is going to fall by a lot this year.

    The rigs aren't drilling at the same rate and oil flow from the new wells reduces by quite a lot in the first 6 months or so.

    I thinks as per usual the production numbers they are putting out now are predictions and there will be revisions down.

    With all the projects cancelled and delayed , oil shortages won't be too far away in my opinion.
    Last edited by subi1: 26/03/16
 
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