Oil Production in the U.S. Expected to Reach New Highs in 2022 and 2023
In the February 2022 Short-Term Energy Outlook (STEO), oil prices remained high enough to push US oil production to record levels in 2023, reaching 12.6 million barrels (b/d) per day. We anticipate that new products in the Permian Basin will drive overall crude oil production growth in the United States. In March 2020, just before […]
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