OPEC: US ​​shale oil production will recover only by 2022

Shale oil production in the United States will be able to return to pre-crisis levels only in 2022, believes OPEC. This opinion is given in a recently published report. organizations. After the quarantine restrictions, oil prices rose, which is an incentive for American oil producers. but this is not enough for the volume of production in the country reached the level observed before the outbreak of the pandemic - quarantine led to the bankruptcy of many companies in the oil and gas sector (about 24), OPEC notes. The cartel has revised its forecast hydrocarbon production in the United States for this year, increasing it by 46 thousand b / d up to 17.1 million b / s; this step is due to an optimistic view of second semester. According to his expectations, the volume of production in the United States in 2020 will be 1.32 million b / d lower than in the previous year. The forecast for 2021 remains unchanged - 17.33 million bpd. In that period, OPEC expects a recovery in global oil demand, what, in her opinion, will contribute to the most attractive price level in 2022 and, accordingly, an increase in volumes production in the USA and other countries of the world.