The Current Oil Price Rally Is Reaching Its Limits
U.S. oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 million barrels per day (mb/d) in April 2015
By Oilprice.com —— Bio and Archives--March 24, 2016
Global Warming-Energy-Environment | Comments | Back To Full Article
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase.
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