EIA: US oil production growth could slow in second half

Drilling activity in the US, as measured by the Baker Hughes active
oil rig count, increased by 10 rigs in July—the fewest monthly oil rig
additions since the rig count began increasing in June 2016. Some US
exploration and production companies recently announced less investment
spending for the rest of the year, suggesting the current rate of US oil
production growth could slow.

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Source:: Oil Gas Journal

      

EIA: US oil production growth could slow in second half

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