Oil production in US may drop by at least 0.5-0.6mn b/d yoy: Natixis

Oil production in US may drop by at least 0.5-0.6mn b/d yoy: Natixis

April 22, 2016
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By hellenicshippingnews US oil production may drop by at least 0.5-0.6mn b/d yoy (annual average) and by a further 0.5mn b/d in 2017 if oil prices failed to recover over $40/bbl prompt (or $50/bbl at the back-end of 2017) anytime soon, according to Abhishek Deshpande, Natixis. “We would expect producers in the US taking every opportunity to … Read full story ›

Source:: Hellenic shipping news Oil