EnergyWatch

American oil production is growing more slowly than expected

US shale oil growth is slower than expected.

US oil production may not be growing quite as fast as everyone thinks.

American drillers pumped 10.442 million barrels a day in May -- about 300,000 fewer barrels per day than the Energy Information Administration had projected. In a report released Tuesday, the agency revised its weekly production estimates for the month, lowering average May output by 3 percent. The slide comes as the nation churns out records volume of crude, with explorers expanding the U.S. rig fleet by more than 110 since January.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

CIP hires Dutch profile

Current CFO at TenneT Otto Jager will join CIP as partner, with a primary focus on flagship funds.

Further reading

Related articles

Latest News

See all jobs