US crude to set new records amidst slower growth

US crude to set new records amidst slower growth, says EIA

Agency forecasts US output to reach a record peak of 13.21 million barrels per day this year.

US EIA cuts 2024 crude outlooks by more than $1/b amid slowing ...

10, noting that slowing global economic activity, reduced fuel demand in China and signs of slowing US job growth have limited upward price ...

United States produces more crude oil than any country, ever - EIA

The crude oil production record in the United States in 2023 is unlikely to be broken in any other country in the near term because no other ...

EIA: Permian Crude Output Set for Slower Growth in 2025 - Oil Price

In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) has forecast that U.S. crude oil production ...

US oil output to touch a record high in 2024, but growth will slow - EIA

U.S. crude production will hit records over the next two years but grow ... While U.S production is set to climb to new records in 2024 and 2025 ...

US oil export gains slow as output, global demand turn tepid | Reuters

U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest ...

Oil Market Report - April 2024 – Analysis - IEA

In 2025, global oil supply is forecast to increase by 1.6 mb/d to a new record of 104.5 mb/d, as non-OPEC+ lead gains for a third straight year, ...

US Crude Oil Production Growth To Slow Sharply In 2024

Despite the anticipated rebound to near-record levels this month, the EIA forecasts a gradual decline in output throughout the remainder of 2024 ...

U.S. crude oil production will increase to new records in 2023 ... - EIA

Producers currently flare some of the natural gas they produce. We forecast that crude oil production in the GOM will increase by 120,000 b/d in ...

Global crude production growth seen in 2023, 2024 as US, others ...

EIA nudges up 2023 global oil demand outlook by 30000 b/d Sees US oil output growing to 13.09 million b/d in 2024 Sees WTI at $77.79/b, ...

US oil production to hit record declining costs, drilling efficiencies

U.S. oil production is set to end the year at a record pace of about 14 MMbpd as falling costs and better drilling efficiency overshadow low ...

EIA Sees U.S. Setting New Oil Production Record in 2025

On top of the crude oil production reaching a new record, the EIA forecast that global liquid fuels production growth would slow in 2024 to just ...

US oil and gas output set for another record year as climate ...

Analysts and agencies expect modest growth in production this year, as the US rig count, considered an early indicator of future output, remains ...

What a second Trump term could mean for US oil and gas

Almost half of that increase has come from New Mexico, where most development is on federal lands. US oil production growth is slowing now ...

Under Biden, US oil production is poised to break Trump-era records

US oil output has increased since Pence and former President Trump left office – a time when oil prices were low because of the Covid-19 ...

Outlook for oil amid U.S. election - YouTube

Comments5 ; Oil could struggle to stay above US$70: strategist · New 2.4K views ; Trump Wins: 'Euphoric' Market Rally, Bitcoin To $112k Before ' ...

Oil Market Report - January 2024 – Analysis - IEA

World oil supply is forecast to rise by 1.5 mb/d to a new high of 103.5 mb/d, fuelled by record-setting output from the US, Brazil, Guyana and ...

Oil production is surging. How much is due to Biden? - E&E News

Domestic production is projected to reach an all-time record high of 12.9 million barrels a day by the end of this year, according to the US Energy Information ...

US oil and gas production set to break record in 2023 despite UN ...

United States projected to extract 12.9m barrels of crude oil per day as countries at Cop28 to push for agreed fossil fuels 'phaseout'

Timeline: Oil Dependence and U.S. Foreign Policy

Crude oil is successfully extracted using a new drilling method in Pennsylvania, which sparks a regional influx of speculative oil drilling. The first U.S. oil ...