Fri, May 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Resources more

US oil production ‘to jump by a quarter by 2014′

Posted on 10 January 2013

US oil production will jump by a quarter by 2014 to its highest level in 26 years, figures suggest. This is mainly because of the discovery of vast reserves of shale oil.
The Energy Information Administration (EIA) in the US also forecast average global oil prices would fall from $112 a barrel in 2012 to $99 in 2014. It said US oil imports would fall by a quarter between 2012 and 2014, because of rising domestic production and the discovery of shale gas………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40705 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31