A new report from Enverus Intelligence Research (EIR) warns of a return to $100 prices for crude oil during 2023, amid tight supplies and rising costs in America's shale oil and gas industry.
Mandarin, in Shanghai on November 27, 2022, in the area where protests against China's zero-Covid policy took place the night before following a deadly fire in Urumqi, the capital of the Xinjiang region. It remains to be seen how the government will react should the easing of the restrictions result in a resurgence of Covid infections.
The report also projects moderating demand growth for U.S. natural gas. “We forecast U.S. gas demand growth of 2 Bcf/d in 2023, down 2 Bcf/d versus 2022. Demand gains into 2023 will be limited after a record 32.9 Bcf/d of gas consumption for power in 2022,” Farren-Price said.... [+]It is no secret that the anticipated growth of U.S.
Perhaps more important than all those other factors is the continuing pressure from investors on drillers to focus more on improving cash flow and returns than on ramping up drilling programs, a phenomenon that has dominated America’s shale patch since at least 2019.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Surprise’ $100 Billion 2023 Bitcoin Price Prediction Sends Shockwaves Through Crypto MarketAnalysts at banking giant Standard Chartered have warned the bitcoin price could fall as low as $5,000 in 2023—a further 70% decline that would reduce the bitcoin market capitalization to around $100 billion...
Read more »
Report: Expect A Return Of $100 Oil In 2023A new report from Enverus Intelligence Research (EIR) warns of a return to $100 prices for crude oil during 2023, amid tight supplies and rising costs in America's shale oil and gas industry.
Read more »
2023 VW Tiguan Review | A large, but middling crossoverThe 2023 VW Tiguan, the company's biggest seller, mostly carries over the same for 2023.
Read more »
2023 Mercedes-Benz AMG S 63, Best Car To Buy 2023: Car News HeadlinesA redesigned AMG S 63, our annual Best Car To Buy award, and Gymkhana 2022 all made headlines today.
Read more »
Bitcoin Could Drop Another 70% to $5,000 in 2023, Standard Chartered Warns | CoinMarketCapIt's a long-shot scenario in the global bank's annual set of long-shots, which calls out scenarios its analysts believe have a 'non-zero' chance of coming true.
Read more »
Bitcoin Risks Crashing To $5,000 In 2023 — Standard Chartered’s Chief Strategist WarnsBitcoin risks plummeting by another 70% to $5,000 come next year, according to Eric Robertson, the Global Head of Research at Standard Chartered Bank.
Read more »