Don't be fooled by the growth of North America. The rebound of crude oil is not far away.
don't be fooled by the growth of North America. The rebound of crude oil is not far away.
March 14, 2017
[information on improving the industrial transformation and upgrading of the whole city of China coating]
shoes and insoles are washable oilprice. The article said that OPEC production reduction and U.S. production increase have become the balancing force of the oil market, and traders are in trouble
the stage of reducing quality and high reliability (1980-1991)
many people have not noticed that the number of active wells outside the United States may hide the answer, which reveals the economic feasibility of exploiting shale special fixtures at the price of $50 to meet the actual use of oil
the number of active wells in Latin America has just exceeded 150, while the peak before the collapse of crude oil reached 395. Obviously, from Mexico to Argentina, there is not much to do at the level of $50
the number of active drilling wells in Asia Pacific stopped falling at 135, with a peak of 195, which also proves that enterprises are not willing to invest. Europe and Africa remain between, with no upward trend
the most interesting is the Middle East, which has fallen slightly to 290 in the past 12 months. Since $50 cannot guarantee gradual reinvestment, the Middle East is more careful in the use of capital. Frankly speaking, state-owned oil companies have no extra money for exploitation
it is true that the drilling capacity has doubled in the past year, but that is mainly due to North America. In fact, the number of active wells is increasing in only two regions - the United States and Canada
considering the overall downturn in drilling activities, the production increase in North America cannot reverse the supply shortage in the long run, which is good news for crude oil
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