U.S. Oil Production Growth Stalls in Q4 ...Middle East

OILPRICE - Economy
U.S. Oil Production Growth Stalls in Q4
source : OILPRICE ( Middle East ) () 27
Crude oil production growth in the U.S. slowed down significantly in the fourth quarter of the year from the prior three months, although natural gas production continued up. According to the Dallas Fed Energy Survey, the production index for the industry dropped from 26.5 in the third quarter to just 5.3 in the current quarter. In natural gas, the index inched up 15.4 in the third quarter to 17.9 in the fourth. Optimism among oil and gas executives about the future of the industry appears to be on the wane, the Dallas Fed reported, with capital…

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