US oil drilling set to start rising after turning cycle: Kemp – Reuters
LONDON (Reuters) – The US oil industry likely passed the low point of the current cycle in July and August, with drilling rates set to start increasing from September or October and production from March or April 2021.
Since hitting a low at the end of April, when the coronavirus epidemic was raging and lockdowns were the most stringent, first-month U.S. oil futures prices have steadily…
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