You are here

EIA expects US oil production to rise in 2015

Shale oil production will continue to increase till the first half of the year, but then decline in the second half

BT_20150115_DNOIL15_1457777.jpg
The decline in drilling will come in the shale fields of the lower 48 US states, which have represented the heart of the American boom that has increased production by more than a million barrels a day in each of the last three years.

Houston

EVEN with oil prices continuing to plummet and oil companies decommissioning drilling rigs every day, the Energy Department on Tuesday projected that domestic crude production would continue to rise in 2015, although growth would slow.

The forecast of even more American

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom