Goldman: Sorry Oil Bulls, US Shale Supply Set To Ramp Up

Rupert Hargreaves

Published onJuly 6, 2016

Updated on May 13, 2021

Goldman: US Shale Supply Set To Ramp Up

Goldman Sachs is out with a new research note on the North American shale oil market this morning, and it's depressing reading for oil bulls, sorry Andy Hall.

The investment bank expects US oil production growth to resume in 2017, following four quarters of sequential declines. Goldman’s oil and gas team expects US oil production to rise by nearly 600,000 to 700,000 barrels of oil per day between the fourth quarter of 2016 and fourth quarter of 2017 after declining by nearly 700,000 bpd between the fourth quarter 2015 and the fourth quarter of 2016. In other words, Goldman now expects that US oil production will reverse course and erase production...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Goldman: Sorry Oil Bulls, US Shale Supply Set To Ramp Up

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