Capex for 2022, output growth, DUCs likely themes for crude upstream sector in Q3

摘要

Third-quarter US upstream calls are likely to be upbeat as they beginrolling out this week, with E&P executives most likely to focus onoutlooks for capital spending and expected output growth amid highercommodity prices and increasing demand, experts say.But while capex next year may be higher than in 2021 by lowdouble-digit percentages, activity isn't likely to rise substantiallydespite higher oil prices.