ICYMI from the US Energy Information Administration's ' Short-term Energy Outlook" released earlier in the week. They expect US oil production to slow for the coming year:We estimate that U.S. crude oil production reached an all-time high in December of more than 13.3 million barrels per day (b/d). However, crude oil production fell to 12.6 million b/d in January because of shut-ins related to cold weather. We forecast production will return to almost 13.3 million b/d in February but then decrease slightly through the middle of 2024 and will not exceed the December 2023 record until February 2025.EIA crude forecast:Brent crude oil spot price increased in January, averaging $80 per barrel (
Hence then, the article about us energy information administration says us oil production will slow dramatically was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( US Energy Information Administration says US oil production will slow dramatically )