From the Economist‘s Chair: Drag still battling thrust in the US shale space

Some observers have been surprised by the stubbornly slow response of US shale production to WTI’s ascent towards $80/bbl. Sector consolidation, 2021 hedging losses and an ongoing imperative to show financial discipline have been widely noted before. But now supply-chain bottlenecks and cost inflation are also afflicting the shale sector, just as they are the broader economy. With David Fyfe, Chief Economist for Argus Media. Visit www.argusmedia.com for more on commodity market pricing, market intelligence and analysis.