OPIS 2018 OUTLOOK FORECAST

we suspect that Brent will ultimately slip below $60/bbl by the end of the first quarter, average a little bit more than $55/ bbl in the second quarter and move through the second half of 2018 without straying too far from this $55/bbl number.

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Worldwide Drilling, Production and Reserves Forcast and data2017

Improvement will occur in shallow oil wells and conven- tional gas wells. Accordingly,World Oil forecasts a 26.8% jump in drilling, to 18,552 wells. This will make 2017 only the third year since the mid-1930s to see drilling fail to exceed 20,000 wells, but activity is definitely heading in the right direction

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The war between oil shale and crude oil; dream or reality

Breakeven costs of drilling shale oil wells show that with oil prices below 48 dollars per barrel, shale oil production won’t survive.

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