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

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 […]