by - June 12, 2024 11:09 am
According to the U.S. Energy Information Administration (EIA), crude oil production in the Permian Basin, which spans western Texas and southeastern New Mexico, is expected to rise by nearly 8%…
by - March 11, 2024 10:01 am
According to the U.S. Energy Information Administration (EIA), the United States has produced more crude oil than any other nation for the sixth consecutive year. In 2023, the production average…
by - August 9, 2023 7:42 am
U.S. crude oil production is expected to reach record levels after U.S. electricity consumption rose to near-record levels in July amid extreme heat, according to the U.S. Energy Information Administration…
by - June 26, 2022 8:49 am
Surplus capacity of global crude oil production in non-OPEC countries has declined by 80% since 2021 as new pipeline projects and production come online in the United States. According to…
by - February 9, 2021 2:28 pm
U.S. crude oil producers have drilled new wells as prices remain at or above $50 per barrel, but production isn’t projected to exceed 2020 levels until 2022, according to the…
by - May 12, 2020 3:41 pm
Crude oil production in the United States is projected to fall in 2020 and would be the first annual decline since 2016, according to the U.S. Energy Information Administration (EIA)….
