PATH FORWARD: How US Shale Fits in the Post-COVID Demand Recovery

U.S. oil production growth is important to meet resurging global demand, says IEF Secretary-General Joseph McMonigle.

PATH FORWARD: How US Shale Fits in the Post-COVID Demand Recovery

A key concern for global energy markets has been the return U.S. shale production, said Joseph McMonigle, Secretary-General of the International Energy Forum (IEF), the largest international organization of energy ministers from 70 countries.

In an exclusive video interview with Hart Energy’s Faiza Rizvi, McMonigle said that the IEF is closely monitoring the production in the U.S., which is the largest source of non-OPEC supply.

 “We have a message to companies who we understand have commitments to shareholders and have to be responsive: Don’t lock in plans for 2021 but reassess as the world reopens and the demand picture becomes clear,” he said.

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Faiza Rizvi

Faiza Rizvi is a senior associate editor of Business & ESG for Hart Energy's editorial department, with a strong focus on E&P Plus and HartEnergy.com. She has been covering all facets of the U.S. and international energy industry for over 5 years.