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The Slow Demise of Russian Oil Production
Yahoo Finance· 2025-09-30 08:00
U.S. and EU sanctions have denied the Russians the equipment and technology that would have been needed to carry out this feat. The U.S. shale production growth has supplied most of the world’s incremental oil production growth over the last decade and a half. Since 2010 shale reservoirs have added about 8 million BOPD to global supplies. U.S. Field Production of Crude Oil has ramped from about 5.4 mm BOPD to 13.5 mm today. What isn’t fully appreciated by the average person is that this success was the resu ...