Even as OPEC is said to extend cuts for a further nine months, U.S. shale continues to grow. Production is set to increase by about 100,000 barrels a day each month in 2017, on the back of a recovery in well completion activity, according to a Rystad Energy report published Thursday. The first quarter of 2017 was "particularly strong", since the price of the black gold is increasing untinl entered a range of 45-55$ for barrel.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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