11202019Wed
Last updateWed, 20 Nov 2019 6pm

End-User News

IHS Markit: U.S. Shale Production Growth Slowing

U.S. shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit.

The new IHS Markit outlook for oil market fundamentals for 2019-2021 expects total U.S. production growth to be 440,000 barrels per day (b/d) in 2020 before essentially flattening out in 2021. Modest growth is expected to resume in 2022. But those volumes would still be in stark contrast to the boom levels of recent years, said Raoul LeBlanc, vice president for North American uncoventionals, IHS Markit.

 

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