US Oil Production Has Likely Peaked, Dallas Fed Survey Says -- Market Talk
September 23 2020 - 11:39AM
Dow Jones News
11:09 ET - Two-thirds of oil and gas executives who responded to
a recent Dallas Fed survey said they think US oil production has
already peaked. The US was producing some 13M barrels of oil daily
earlier this year, before the coronavirus pandemic crushed demand
and dragged down prices. Output has since fallen below 11M barrels
a day, according to the Energy Information Administration.
(rebecca.elliott@wsj.com; @rfelliott).
(END) Dow Jones Newswires
September 23, 2020 11:24 ET (15:24 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.