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Extraction of shale oil in US began to decline

Wednesday, 19 October 2016 17:42
Extraction of shale oil in US began to decline

In this year in the US shale oil extraction volumes continue to decline. It is due to consistently low prices for oil products. This information was made public yesterday by the Energy Information Administration. The next month, according to experts, production will be reduced on 30,000 barrels per day. According to forecasts, the volume of production will be 4.43 million barrels per day. At the moment, it is the lowest figure since 2014.

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David Melton
David Melton

Financial expert. I work with investors and different companies. I write analytical reviews for newspapers and TV channels and I also manage researching projects

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