The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

U.S. oil production headed to four-year low as shale boom wanes

Pubdate:2016-03-09 11:06 Source:mcc Click:
WASHINGTON, D.C. (Bloomberg) -- U.S. crude production will fall to its lowest since 2013 next year as battered shale drillers idle rigs to conserve cash, according to a government report.
 
Producers from Texas to Alaska will pump 8.19 MMbopd in 2017, down from 8.67 MMbopd this year and less than the 8.46 MMbopd previously forecast, the Energy Information Administration said in its monthly Short-Term Energy Outlook Tuesday. The forecast for crude output in 2016 was also cut, from 8.69 MMbopd estimated in February. The decline won’t be enough to boost crude prices beyond last year’s level, though, according to the EIA estimates.
 
Shale drillers from EOG Resources Inc. to Apache Corp. are cutting spending and reducing output targets after crude hit a 12-year low last month. They have sidelined more than two-thirds of the country’s oil rigs in the past 17 months, to the least since December 2009 last week, according to data compiled by Baker Hughes Inc.
 
‘Production Depletion’
 
“We are not drilling enough wells to replace the normal production depletion,” said James Williams, an economist at WTRG Economics, an energy-research firm in London, Arkansas. "The declining production should be bullish for prices going forward."
 
West Texas Intermediate, the country’s benchmark, will average $34.04/bbl in 2016, down from a February projection of $37.59, according to the report. Prices will average $40.09 next year, down from the last forecast of $50, and still lower than $48.67 last year. Futures have rebounded 41% from a 12-year low of $26.05/bbl on Feb. 11, trading at $36.74 on the New York Mercantile Exchange as of 1:47 p.m.
 
Brent crude, the benchmark for more than half the world’s oil, is projected to average $34.28 this year, down from the prior estimate of $37.52.
主站蜘蛛池模板: 青娱乐精品视频| 欧美性猛交xxxxx按摩国内| 亚洲欧美中文日韩在线| 欧美成人精品高清在线观看| 亚洲人成网站999久久久综合| 最新国产三级久久| 久久久国产99久久国产一| 我要看18毛片| 一本色道久久88亚洲精品综合| 天堂成人在线观看| 2019国产麻豆剧传媒视| 国产成人免费a在线视频色戒| 花季视传媒app下载| 免费看香港一级毛片| 波多野结衣一级片| 亚洲一卡2卡4卡5卡6卡残暴在线| 日韩一级片网址| 中文字幕亚洲欧美专区| 天天摸天天做天天爽水多| 4399影视免费观看高清直播| 国产成人av区一区二区三| 老汉色老汉首页a亚洲| 伊大人香蕉久久网| 欧美大香线蕉线伊人久久| 久久电影网午夜鲁丝片免费| 成人动漫在线播放| 97高清国语自产拍中国大陆| 国产日韩综合一区二区性色AV | 国产精品无码日韩欧| 麻豆国产入口在线观看免费| 厨房切底征服麻麻| 毛片免费在线观看网址| 五月天婷婷在线观看视频| 我被继夫添我阳道舒服男男| gay网在线观看| 国产精品jizz在线观看网站| 蜜桃AV无码免费看永久| 伊人成影院九九| 欧美一区二区三区综合色视频| 久久av老司机精品网站导航| 天天射天天干天天色|