The catch up posts continue, this one on how within the past five months, U.S. production sank by 590,000 barrels a day (more than 6%),
- Drillers slashing costs
- Shell planning for a long stretch of low prices
- Goldman sees crude falling a further $10 a barrel as storage tanks fill up in the coming months (thinks that's WTI ...)
- Total SA (France's largest oil producer) said the industry continues to endure "challenging" times ... but expects demand growth of 1.8 million barrels a day this year
More at the article. there isn't anything new in it, but a catch up on where we at in oil
