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NRGZ - U.S. Oil Production Stays Flat For The First Half Of 2019
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E Sr MedTrm Nt
Welcome to the flatter than pancake edition of Oil Markets Daily!
EIA 914 report came out today and US oil production declined slightly versus May. June production came in at 12.082 mb/d versus 12.115 mb/d. As a result, US oil production finished the first half of 2019 flat versus December 2018.
But for those of you thinking that US shale production won't grow, you may have to think again. Our leading indicator has been able to predict the production figures, so our latest reading shows US oil production of ~12.45 mb/d in August with September