OPEC sees short-term balance in U.S. oil production

OPEC sees short-term balance in U.S. oil production
Vienna (UPI) Nov 12, 2015 - Shale oil production in the Lower 48 is on the decline, thought total U.S. oil production may be supported by growth in the Gulf of Mexico, OPEC said. The Organization of Petroleum Exporting Countries aligned its expectations with data from the U.S. Energy Information Administration by saying U.S. shale oil production has declined. A drilling productivity report this week from EIA said ... more

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