From The 10 Point : My Guide to the Day's Top News
Gerad Baker-Editor in Chief, WSJ
Is the U.S. shale boom hitting a bottleneck? The Permian basin of West Texas and New Mexico, the oil field at the heart of the boom, appears to be choking on its own growth , a surprising development with big ramifications for energy profits and global markets. Permian producers are starting to encounter congested pipelines and shortages of materials and workersóbottlenecks that have caused some investors to sour on the region. While production is expected to continue rising, the Permian's stumbles could ripple out to the global oil market at a time when OPEC has curtailed output. That could become a source of volatility that propels oil prices elsewhere higher. On Wednesday, U.S. oil prices topped $68 a barrel, hitting a 40-month high as crude stockpiles fell.
Gerard Baker/ The Wall Street Journal /April 19 2018
WSJ The 10 point was taken from the daily brief mail by the Wall Street Journal, on 03/19/ 2018. The views are not necessarily those of Petroleumworld
Petroleumworld 04 09 2018