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...US oil production rocketed from about 5mn barrels a day in 2008 to 13mn b/d this year....
...Though they have since fallen back to around $100/b, prices remain far above the $64/b average for 2019....
...B) Improve the efficiency of payments? C) Counter the threat from crypto assets? D) Boost financial inclusion? E) Preserve their monetary sovereignty? F) Collect more financial data?...
...Pioneer, which produced 370,000 barrels a day of oil and gas in 2020, said DoublePoint’s production would reach 100,000 b/d by the end of June....
...The average investment-grade triple B bond yield was only 2.1 per cent by late December....
...US oil production would eventually stabilise at around 11m b/d, Mr Gallagher said, as producers focused on maintaining output, not increasing it....
...US oil production is likely to fall by 200,000-300,000 b/d as a result, he believes, remaining around 11m b/d — well below the record highs set before last year’s crash....
...US oil output more than doubled between 2010 and 2019, hitting a record high near 13m b/d before the pandemic struck....
...It was 13m b/d in March....
...Supply curbs of 9.7m barrels a day were agreed in April and have since been reduced to 7.7m b/d....
...BP’s tight oil growth scenario is rosier than even some shale executives, from ConocoPhillips’s Ryan Lance to Parsley Energy’s Matt Gallagher, expect....
...The API says the ban would increase US oil imports, which exceeded 9m b/d last year, by 20 per cent and cut $700bn off US gross domestic product by 2030....
...Among “hypothetical deals”, Morgan Stanley includes: Exxon and Pioneer; Exxon and EOG; Chevron and Cimarex; and ConocoPhillips and Parsley Energy....
...US production would not recover this year’s highs in his lifetime, the Parsley chief said....
...Or progress to plan B. Tomos Parry, Brat Fire lends itself to a multisensory, intuitive and communal form of cooking. Fires draw people together....
...But output had already dropped by about 700,000 b/d, Mr Sitton said in an interview....
...The company had expected production of 17,000 b/d for 2020 but suspended that guidance....
...Independent shale producers such as Continental Resources and Parsley Energy have idled rigs and begun shutting wells....
...Output will drop 1.4m b/d by the third quarter of next year, Goldman predicted this week. RS Energy Group, a consultancy, said 700,000 b/d would be lost this year and 1.1m in 2021....
...US oil production, just 5.5m barrels a day in 2011, is now a world-leading 13m b/d....
...Possibly his host yesterday, Double Eagle, which produces about 60,000 b/d from some of the best rocks in the Permian....
...On Monday, two producers, Parsley Energy and Pioneer Natural Resources, formally submitted a motion to discuss statewide production cuts with the Texas Railroad Commission, which oversees the state’s oil...
...Most analysts expect an increase of less than 1m barrels a day next year, compared to 1.6m b/d in 2018....
...US shale output could fall more than 2m b/d next year, Mr Abramov added....
...Rystad Energy thinks Permian production could rise to 3.7m-3.8m b/d by the end of this year....
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