Rystad Energy expects exports to balloon and reach 4.7mn bpd by the end of 2020 and nearly 6mn bpd by the end of 2022
Permian
Posted inDRILLING & PRODUCTION
US shale is not going bankrupt, Rystad Energy says
During the next seven years, the top 40 US shale oil producers are expected to spend about $100bn on debt instalments and interest unless further debt refinancing is applied
Posted inDRILLING & PRODUCTION
US shale to grow to 14.5mn bpd by 2030: Rystad Energy
Strong US supply will be driven, in part, by a large inventory of wells still to be developed across several prolific shale plays
Posted inDRILLING & PRODUCTION
US oil output poised to set yet another record in 2019: Rystad Energy
Rystad Energy raised its forecast for US crude output to 13.4mn barrels per day by December 2019
Posted inDRILLING & PRODUCTION
US oil production will outpace Russia and KSA combined by 2025: Rystad Energy
US liquids production is forecast to surpass 24mn barrels per day over the next six years, thereby outpacing the combined output from Russia and Saudi Arabia.
Posted inDRILLING & PRODUCTION
IEA: US oil production will equal Saudi Arabia and Russia’s combined output by 2025
IEA Head Fatih Birol said that US production would “completely change the balance of oil markets”