Raymond James estimates U.S. production has been declining since March
The oil market may be tighter than many realize, according to analysis from Marshall Adkins and researchers at Raymond James. In a follow up to the research they did on the International Energy Agency’s (IEA) 1.2 MMBOPD of missing production, Adkins and his team delved into the Energy Information Administration’s (EIA) own balancing, or plug, number.

While the IEA’s plug number likely stems from chronic underreporting of demand, the EIA’s data suggest that the U.S. agenc...

Legal Notice