Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
Between 2010 and 2015, annual oil production in the US grew by four million barrels per day (bpd). It dipped in 2016, rising again by 1.2 million bpd between January and December 2017, to levels not seen since the early 1970s. The surge in production is a result of growth in tight oil (more commonly […]
Reuters/Steve Sisney Oil tycoon Harold Hamm says the US Energy Information Administration’s overoptimistic shale forecasts depress prices and put the US market at a disadvantage. Hamm says the EIA needs to hear “meaningful feedback.” As a powerful oil market mover, the EIA needs to have “more sophisticated” forecasts about U.S. shale production, because overly […]
