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
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan
