Expenditure will leap to a predicted $83.4 billion in 2022, up from an expected $69.8 billion this year
US shale expenditure is set to surge nearly 20 percent next year as the industry recovers from the unprecedented volatility caused by the Covid-19 pandemic. Expenditure will leap to a predicted $83.4 billion in 2022, up from an expected $69.8 billion this year, a 19.4 percent increase, according to energy research firm Rystad Energy. This […]
News that the Omicron variant might not be as lethal as the still dominant Delta version, breathed new life into oil futures and thus far sparking a 10 percent rebound
WTI and Brent proved how closely tied oil prices are to perceptions about the economic recovery over the last couple of weeks. For a time breaking down as much as 20 percent from their respective highs over the last month, WTI and Brent both bottomed Wednesday, December 1. News that the Omicron variant might not […]
