Year-over-year, U.S. oilproduction rose 2.3% in October, while West Texas Intermediate crude futures prices CLc1 averaged 16% lower during the month, according to Reuters calculations.
The story of peak shale oilproduction in the US has been espoused by energy bulls for years. After endless calls for shale production to peak, it appears we may finally be approaching that ...
During the fiscal year 2023, the OCS produced around 675 million barrels of oil and 796 billion cubic feet of gas. This represents around 14% of USoilproduction and 2% of natural gas ...