U.S. Oil Potential Is High, but the Future Is Uncertain
U.S. Oil Potential Is High, but the Future Is Uncertain
January 24, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Economists at the Organization of Petroleum Exporting Countries (OPEC) in their latest monthly market report expressed caution about the future for shale oil production growth, caution that was put on display in the latest upstream earnings reports.
The economists said in their monthly report for January that total U.S. crude oil production should show an average for 2022 of 11.82 million barrels per day (BBL/d).
Companies featured: SLB (NYSE:SLB),
Baker Hughes Company (NASDAQ:BKR)
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