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2015-12-01 19:55:00

U.S. CHALLENGING TIMES

U.S. CHALLENGING TIMES

"Lower for longer" are the words being used to describe the oil and natural gas economic outlook for 2016, creating another whack at West Virginia's energy sector.

U.S. natural gas production could decline in 2016 for the first time in a decade, driven by low oil prices after 10 years of gangbusters growth from shale plays.

To understand the decline in the shale market, look no further than the north-central part of West Virginia. The U.S. Energy Information Administration says production in that fast-growing field will decline primarily because of depressed gas prices.

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Tags: USA, OIL, GAS, PRODUCTION, CONSUMPTION, PRICES

Chronicle:

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UAE GDP WILL UP 4.7%

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U.S. TRADE DEFICIT $49.4 BLN

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U.S. RIGS DOWN 10 TO 1,012

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