CNPC plans new shale oil field near northeast China’s Daqing

China National Petroleum Co (CNPC) said that it plans to produce new shale oil from formations within the existing Daqing oil field area that will help replenish production in decrease of that site

US shale oil output to rise to highest since May 2020

US shale oil output is predicted to rise to 8.1 million barrels per day in September, the highest since May 2020, in accordance to the EIA’s month-to-month drilling productiveness report