Key question for oil traders: How will collapse in U.S. rig count translate into shale production cuts?
The number of U.S. oil rigs is falling at an unprecedented pace, but that doesn’t mean production will fall at the same rate. Producers halt less efficient wells first, pushing up productivity — a process known in the industry as “high grading." WTI Crude is $34.13; Brent is $36.56.
Click here to view our Offerings.