Shale Drillers in Permian Basin Face Up to the Prospect of Peak Output
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A key data release may underline how the US oil industry is reining in production growth in response to lower prices.
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Welcome to our guide to the commodities markets powering the global economy. Today, reporter David Wethe discusses how the US oil industry is contending with a slowdown in production growth.
Are we close to peak shale production? In the weeks since OPEC+ members agreed to ramp up output, the mood in the US oil business has shifted rapidly.
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