Your Daily Brief For December 19th

Your Daily Brief For December 19th

2 months ago1 min

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In today’s Daily Brief, we'll look at US shale oil production efficiency – and why it's got OPEC worried.

"US drillers are pushing out more oil than even they expected. They were forecast to pump out 12.5 million barrels a day this quarter, but that figure was recently bumped to 13.3 million – the equivalent of adding a new Venezuela to the oil scene."

Key takeaways:

  • US oil drillers are gaining so much production efficiency that it's got OPEC worried
  • Goldman Sachs just upped its 2024 projection for the S&P 500, barely a month after setting it


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