To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more

Traces of water found on Mars

At least in the distant past the Red planet had a liquid bodies of water

Oil production in the US will rise

This year average daily oil production in the U.S. will grow by 95 thousand barrels.

24.Apr.17 9:03 AM
By Christina Orlina


Oil production in the US will rise
Earlier, analysts predicted the American oil companies an annual increase in production of 75 thousand barrels per day (b/d).

The main motor of the increase in production will, of course, shale. According to analysts Goldman Sachs, the oil production in the basins of the Permian, Eagle Ford, Bakken and Niobrara in the fourth quarter of 2016 to the same period of 2017 could grow by 535 thousand b/d. Of course, while maintaining the number of drilling rigs operating at the current level, according to a survey of the Bank.

Naturally, the world oil market is increasingly hearing the voices of those who doubt the effectiveness of the Vienna agreement by OPEC and several non-cartel of oil producers about production cutbacks. All their efforts aimed at restoring balance in the oil market, could undermine the continued growth in US production.

Today oil quotes yet compensated for only half of Friday's fall. The oil price benchmark grades rose only 1% compared with the opening level. European Brent crude at 13:49 MSK came to 52.4 per barrel. WTI has hardly passed a mark of $ 50 per barrel 50,06.

Back to the list

Related Information: