Shale production falls across the US. But with demand and pricing returning, and uncapped wells showing surprisingly good economics, we expect it will rise strongly in Q1.
Oil
Oil
Monday, November 16, 2020
Unlike everywhere else in the economy, the V-shaped recovery in US crude production is most definitely stalled.
Oil
Tuesday, October 13, 2020
US crude production forecasted now to be flat for 15 months. Somehow we doubt that.
Oil
Tuesday, September 15, 2020
Everything is making a V-shaped recovery -- except oil production. So shouldn't prices be higher?
Oil
Monday, August 17, 2020
US shale production in the Permian for July beats last month's forecasts by a mile, but the DOE's outlook is for almost no growth at all in August.
Oil
Monday, July 13, 2020
Amazing that crude has recovered all the way back to $40 (from -$40, even more amazing) without any significant drop in storage, and no demand recovery at all in China or Europe.
Oil
Monday, May 18, 2020
Signs of life among the ruins. In monthly data, China crude demand bounces back. In weekly, so does US gasoline consumption.
Oil
Monday, April 13, 2020
Production falls in the Permian for the first time since forever -- and dozens of other jaw-dropping charts.
Oil
Monday, March 16, 2020
Led by China, demand in the Covid-2019 crisis collapses, and production forecasts are slashed.