EIA optimistic about boost in crude production from US shale
US industry could see second half of 2023 mirror the first
Top oil forecasters and industry signals at odds over market direction
Where will oil demand go in the second half of 2023? It has continued to rise steadily despite repeated predictions of its imminent peak and ultimate demise, but from where will the additional supply be derived? Will US shale again become a swing producer on the global market? And if so, will the member countries of Opec+ be willing to cut their production even further to offset any increase? These are the kinds of questions to which market observers have come to expect answers from the IEA and the US’ EIA. Unfortunately, for anyone looking for considered wisdom on the matter, those two reporting entities—the mandate of which is to compile accurate and useful information and share it with th
Also in this section
6 June 2025
Two wheels rather than four appear to be the biggest game-changer for India’s road oil use
5 June 2025
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
5 June 2025
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
5 June 2025
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
