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The U.S. shale industry is poised for significant production growth in 2023, surpassing previous forecasts, with major producers like Chevron and ExxonMobil reporting strong quarterly outputs.
Global research and consultancy group Wood Mackenzie has predicted that Brazil's private oil companies will increase oil production by 75% from 1.221Mb/d to 2.123Mb/d by 2030
Despite challenges such as rising costs and shortages of drilling material, the U.S. oil industry is expected to break its 2019 production record later this year
The U.S. oil and gas industry has been a lot more conservative with mergers and acquisitions since the 2020 oil price crash, but big deals are now coming back
While the shale industry is struggling with labor and equipment shortages as well as cost inflation, there are still some stocks worth looking at in the space