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US Shale Production to Climb to 6.14mbpd

Proshare

Thursday, August 17, 2017 6:15PM/FDC

US shale production is expected to climb 117,000bpd to 6.14mbpd this quarter. In an increasing shale production world, oil is expected to trade within a range of $40-60pb between 2017-2022. But as we all know there is no way of accurately forecasting oil price futures.


In this scenario, Nigeria will need to be more aggressive in its revenue optimization programmes including blocking of leakages. The whistle blowing policy aimed at retrieving stolen funds and improving transparency is a step in the right direction to achieving revenue growth.


The attached slides sum up the events that took place in the domestic and global commodity markets this week.






 













 


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