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: 国产又大又长又粗又硬的免费视频| 黄色网址免费观看| 玉蒲团之偷情宝鉴电影| 好大好硬好爽好舒服| 免费一级毛片在线播放不收费| www.日本在线视频| 男人狂桶女人出白浆免费视频| 天天射天天爱天天干| 国产一级做a爰片...| 亚洲av丰满熟妇在线播放| 日韩色图在线观看| 日韩美女一级毛片| 国产原创精品视频| 中韩日产字幕2021| 高清粉嫩无套内谢2020| 日本成人免费在线| 四虎成人免费网站在线| 久久一本岛在免费线观看2020| 被两个体育生双龙9| 日韩免费在线看| 国产不卡视频在线观看| 两根大肉大捧一进一出好爽视频| 青青草成人影视| 日韩精品一区二区三区中文| 国产在线看片网站| 中文字幕乱码中文字幕| 精品一区二区三区波多野结衣| 天天拍拍夜夜出水| 催眠医生动漫在线观看| 一个人hd高清在线观看| 精品永久久福利一区二区| 天天综合亚洲色在线精品| 亚洲欧美日韩精品| 久久6这里只有精品| 最近最新视频中文字幕4| 国产卡一卡二卡乱码三卡| 中国日本欧美韩国18| 精品深夜av无码一区二区| 夜夜偷天天爽夜夜爱| 亚洲av第一页国产精品| 色妞色视频一区二区三区四区|