Production increased quite a bit in July/August but should begin to drop at some point as DNPs and rig counts continue to drop. The demand side "double whammy" of increasing seasonal demand and increasing takeaway capacity should have an effect on supply and eventually on prices.
This blog is about energy/ geology/policy/science/economics/environment/climate, by a geologist. Posts are professional opinions of the author but not meant to replace peer-reviewed papers. Some are based on reviews of literature but most include personal experience, mainly the ones related to oil and gas. They are updated often as new info becomes available. Please point out errors and I will fix if warranted. Energy issues are important and we should strive to understand them without bias.