The US Energy Information Administration (EIA) has reviewed its forecast for the production of US crude oil, points out the commerzbank raw material analyst, Carsten Fritsch.
The decrease in production could begin even before
“Now an increase of only 200,000 barrels per day is expected.
“The decrease in production could begin even before. This week, some shale oil companies have announced that they will reduce spending and drilling activities in the Permica basin. The president of one of the companies, referring to the industry, spoke of a drastic decrease in businesses and a probable fall in oil production.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
