Slugging it out...
After OPEC endorsed another nine months of production cuts, Saudi Oil Minister Saudi Al-Falih made clear he's ready for a long struggle with the U.S. shale industry,#OOTT #OPEChttps://t.co/Bs7lhYexH9— Will Kennedy (@wenkennedy) July 2, 2019
US setting production records every month:
US crude production reached a record 12.16 mb/d in April, up by ~250 kb/d MoM and 1.7 mb/d YoY #OOTT
— Daniel Lacalle (@dlacalle_IA) July 1, 2019
Production growth from 'shale states' was up by 1.3 mb/d YoY, driven by Texas, New Mexico and North Dakota. pic.twitter.com/eYejcQU98F
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