U.S. shale was among the biggest victims of the demand destruction caused by the coronavirus pandemic. But the sector has already proved resilient once, and now this resiliency is coming to the fore again. Earlier this month, JP Morgan said it expected U.S. shale output to start growing in the second half of the year, thanks to higher prices. The Energy Information Administration’s latest Drilling Productivity Report also pointed towards a recovery in production - but a selective one. The EIA forecast an overall decline in U.S. shale output…
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