Lower Oil Prices Fail To Stop U.S. Shale Growth

1. U.S. shale grows even with lower prices- OPEC+’s task in Vienna was complicated by the fact that the projections for U.S. shale growth are all over the map. – The latest projection from Rystad Energy finds that U.S. shale will grow “even in an environment with lower prices.” – The Norwegian consultancy said that the oil market would see a substantial build in inventories in 2020 without deeper OPEC+ cuts. – Rystad notes that despite the significant decline in the U.S. rig count, the pace of spudded wells has not fallen dramatically.…