MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EIA Forecast Higher Shale Production

OIL

The EIA forecast that oil production in the Permian in Texas and New Mexico is due to rise 84,000 bpd to a record 5.316 million bpd in July in its productivity report out yesterday.

  • Total production across major US shale oil basins will rise by 143,000 bpd to 8.901 million bpd in July, the highest since March 2020, the EIA projects.
  • In the Bakken in North Dakota and Montana, the EIA projects oil output will rise 19,000 bpd to 1.197 million bpd in July, the most since November 2020.
  • In the Eagle Ford in South Texas, output will rise 28,000 bpd to 1.180 million bpd in July, its highest since April 2020.
  • Total natural gas output in the big shale basins will increase 0.8 billion cubic feet per day (bcfd) to a record 92.3 bcfd in July.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.