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WTIU - Real-Time U.S. Oil Production Suggests U.S. Oil Production Is Nowhere Near 13 Million B/D In May
UBS AG London Branch ZC SP ETRACS REDEEM 04/01/2047 USD 25 - Leveraged Long
Welcome to the "where's the oil coming from" edition of Oil Markets Daily!
One of the most important variables to understand today is how much US shale production is growing. So there are a lot of methods one can use to gauge just where production is. Historically, if you compare US oil production to US natural gas production, the correlation is basically 1:1. The reasoning is because as shale wells come into production, the initial production mix is mostly oil, but over time, it shifts to gas. So this is called the gas-to-oil