Goldman: Sorry Oil Bulls, US Shale Supply Set To Ramp Up – ValueWalk Premium
Shale-oil

Goldman: Sorry Oil Bulls, US Shale Supply Set To Ramp Up

Goldman: US Shale Supply Set To Ramp Up

Goldman Sachs is out with a new research note on the North American shale oil market this morning, and it's depressing reading for oil bulls, sorry Andy Hall.

The investment bank expects US oil production growth to resume in 2017, following four quarters of sequential declines. Goldman’s oil and gas team expects US oil production to rise by nearly 600,000 to 700,000 barrels of oil per day between the fourth quarter of 2016 and . . .

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