Tag Archives: oil pric

China Coal Production Hits Record High in 2022

China produced a record amount of coal last year although output ended the year with a decline amid the latest surge in covid infections. Total output for the year reached 4.496 billion tons, which was a 9-percent increase on 2021, according to official statistics data reported by Reuters. Chinese government …

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U.S. Shale Growth to Disappoint In 2023

Despite the fact that U.S. crude oil production has recently hit the highest level since the pandemic low of below 10 million barrels per day (bpd) in May 2022, the growth rate has markedly slowed this year as the shale patch struggles, labor shortages, supply chain delays, and the high …

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