oil numbers

oil

  • In early February the amount of oil in storage in the US, excluding the strategic petroleum reserve reached 417 million barrels.
  • Shale oil wells annual production decline more then 50% in their first year while traditional onshore oilfield decline by 5%
  • Greece’s oil production in 2013 was 7.500 b/d (barrels per day), Europe’s 3.974.000 and Albania’s 16,870.

Source :Fortune Magazine, eia.

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