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Oil

What US shale will have to do to survive the demand shock and reinterest investors

Commodities | Electric Power | Electricity | Energy | Nuclear | LNG | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Petrochemicals | Olefins

Market Movers Europe, Jan 24-28: Commodities remain on knife edge despite reduced gas price driver

Energy | Oil | Crude Oil

Platts Crude Oil Marketwire

Energy | Oil | Petrochemicals | Olefins | Polymers | Crude Oil

Asian Refining and Petrochemicals Summit

Energy | Oil | Petrochemicals | Energy Transition | Coal | Refined Products | Jet Fuel | Crude Oil | Gasoline | Fuel Oil | Emissions | Olefins | Aromatics | Naphtha

REFINERY NEWS ROUNDUP: China's 2021 crude throughput up on year

Energy | Energy Transition | Oil

Fuel for Thought: Alaska officials hit the road to make the case for oil, gas investment

Listen: What US shale will have to do to survive the demand shock and reinterest investors

The global oil demand shock is accelerating what was already coming to US shale, argues Adam Waterous, CEO of Waterous Energy Fund.

Waterous argued in January on Capitol Crude that US unconventional production had peaked, and the industry's unstable financial footing set it up for massive capital flight and a prolonged downturn.

Now Waterous predicts US shale output will sink by 3 million-4 million b/d from the peak of 13 million b/d if oil prices eventually return to $55/b. He thinks sustained higher prices of at least $70/b WTI will be required to bring investors back to the US shale sector and rebuild capacity that will be lost in the next 18-24 months.

We also talked about what will differentiate the drillers that survive this crisis and the geopolitical consequences of a diminished US oil sector.

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