Oil Majors Eye Higher Shale Output This Year ...Middle East

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Oil Majors Eye Higher Shale Output This Year
source : OILPRICE ( Middle East ) () 47
The latest earnings season saw several shale oil majors revise their output projections for the year. Surprisingly, they revised these projections upward.  The revisions were attributed to higher well productivity that Bloomberg said in a recent report had come as a surprise. Thanks to that surprise, U.S. oil production was set for stronger than previously expected growth this year. Or maybe not, if we are to believe analysts that Reuters polled on their take on the U.S. shale industry. According to these analysts, it would…

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