U.S. Oil Production: Strong Growth May Come to a Halt in 2015, IHS Report Says

WASHINGTON--(BUSINESS WIRE)--Stunning growth in U.S. oil production may come to a halt by mid-2015 as low oil prices begin to constrain U.S. tight oil production, which has been the dominant engine of world oil supply gains in recent years, according to a new report by IHS (NYSE: IHS), the leading source for global information and analytics. Growth is still expected in the early months of 2015 but that momentum will level off in the latter half of the year amidst prices at lows not seen since the 2008-09 Great Recession.

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