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2016-04-12 20:25:00

U.S. OIL DOWN 114,000

U.S. OIL DOWN 114,000

 

USA OIL GAS MAP

 

Crude oil production in May from the seven major US shale regions is expected to fall 114,000 b/d month-over-month to 4.84 million b/d, according to the US Energy Information Administration's latest Drilling Productivity Report (DPR).

The DPR focuses on the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian, and Utica, which altogether accounted for 95% of US crude production increases and all US natural gas production increases during 2011-13.

More than half of the total decline is expected to come from the Eagle Ford, which is forecast to fall 62,000 b/d to 1.18 million b/d. The Bakken is projected to drop 31,000 b/d to 1.05 million b/d, and the Niobrara is projected to decrease 16,000 b/d to 404,000 b/d.

USA OIL GAS PRODUCTION MAY 2016

USA OIL GAS PRODUCTION MAY 2016

USA OIL GAS PRODUCTION MAY 2016

USA OIL GAS PRODUCTION MAY 2016

USA OIL GAS PRODUCTION MAY 2016

 

USA OIL GAS PRODUCTION MAY 2016

USA OIL GAS PRODUCTION MAY 2016

eia.gov

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More: 

U.S. RIGS DOWN 7 

POORLY CONCEIVED U.S. 

U.S. GOOD PRICE - 2 

U.S. DEFICIT UP 13.1% 

U.S. DECLINE COSTS 

U.S. OIL PRICES WAR

 

 

Tags: USA, SHALE, OIL, GAS, PRODUCTION

Chronicle:

U.S. OIL DOWN 114,000
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

U.S. OIL DOWN 114,000
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

U.S. OIL DOWN 114,000
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

U.S. OIL DOWN 114,000
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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