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[size=36]Bloomberg on OPEC: the golden age of shale oil is over![/size]
Economy | 11:02 - 03/12/2019
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The Organization of Petroleum Exporting Countries believes that the "golden age" of shale oil in the United States is over, according to OPEC sources.
The Organization of Petroleum Exporting Countries believes that shale oil production in the United States will slow in 2020 compared to the previous period.
According to Bloomberg, experts in the oil markets hold the same valuation, and in particular Vitol Group analysts expect US shale oil production to grow by 700,000 barrels per day from December 2019 to December 2020, compared with an increase of 1.1 million barrels. between the ends of the years 2018 - 2019.
believes "Bloomberg" at the same time, while it declares rock independent oil companies in the United States for spending cuts, it is likely that the major players continue to increase their production.
Russian President Vladimir Putin said on November 20 during a speech to the investment forum "Russia calls" that the production of shale oil in the United States "shelved", stressing that his country will not resort to "barbaric methods" used In shale oil extraction
According to Bloomberg, experts in the oil markets hold the same valuation, and in particular Vitol Group analysts expect US shale oil production to grow by 700,000 barrels per day from December 2019 to December 2020, compared with an increase of 1.1 million barrels. between the ends of the years 2018 - 2019.
believes "Bloomberg" at the same time, while it declares rock independent oil companies in the United States for spending cuts, it is likely that the major players continue to increase their production.
Russian President Vladimir Putin said on November 20 during a speech to the investment forum "Russia calls" that the production of shale oil in the United States "shelved", stressing that his country will not resort to "barbaric methods" used In shale oil extraction
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