Are Investors Bailing On U.S. Shale?

U.S. oil production continues to grow, with the EIA reporting
a shocking jump in output last week. Total U.S. production rose to
9.5 million barrels per day (mb/d) for the week ending on August
11, up 79,000 bpd from a week earlier. That puts U.S. output at the
highest level in nearly two and a half years. The U.S. shale
industry has been adding new supply pretty much uninterrupted since
late last year, despite volatile swings in oil prices over the
course of 2017. In fact, the gains continued even through the price
downturn in June, which saw…

U.S. oil production continues to grow, with the EIA reporting
a shocking jump in output last week. Total U.S. production rose to
9.5 million barrels per day (mb/d) for the week ending on August
11, up 79,000 bpd from a week earlier. That puts U.S. output at the
highest level in nearly two and a half years. The U.S. shale
industry has been adding new supply pretty much uninterrupted since
late last year, despite volatile swings in oil prices over the
course of 2017. In fact, the gains continued even through the price
downturn in June, which saw…