-
US Oil Output To Fall Next Year Unless Rig Counts Rise, Key Energy Investor Says
US oil production is set to decline about 1 million barrels per day by the second half of 2025 unless rig counts rise, a key energy investor said. More rigs will be needed to offset declining productivity from existing wells, said Adam Rich, deputy chief investment officer at Vaughan Nelson, a Houston-based investment manager. “We could probably keep the 12-13 million barrel-per-day level for six to nine more months, but if we don’t see rig counts really start moving up here, that’s going to be a big problem,” he said in an interview. Vaughan Nelson manages a total of $16.4 billion in assets and is a boutique ... (full story)
- Comments
- Subscribe
-
- Older Stories
From zerohedge.com|Jun 10, 2024US stocks shrugged off early weakness driven by the right-regime-shift in European elections, treading water on Monday, at least on the surface, following Friday's strong Payrolls ...
From fxempire.com|Jun 10, 2024Natural Gas: chart Natural gas pulls back as traders take some profits off the table near multi-month highs. The technical picture remains bullish, but natural gas needs to ...
From axios.com|Jun 10, 2024Wednesday afternoon, the fate of global financial markets will hang on an array of dots that give clues into how much rate-cutting the Federal Reserve will deliver this year. But ...
-
- Newer Stories
From cityindex.com|Jun 10, 2024Crude oil prices had rallied almost 3% at the time of writing on Monday, more than making back their losses from the week before. While there is hope for increased fuel demand as ...
From youtube.com/cmegroup|Jun 10, 2024Crude oil has moved higher in 3 of the past 4 sessions after falling for 5 straight. Bob Iaccino has more.
From bnnbloomberg.ca|Jun 10, 2024The US unveiled sanctions on 10 people, ships and companies in a fresh bid to choke off commodity revenue for Yemen’s Houthi rebels, who have disrupted trade flows through the Red ...
- Story Stats
- Posted: Jun 10, 2024 4:59pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 176
