American Oil Majors Expand as Smaller Producers Retreat Amid Price Pressures ...Middle East

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American Oil Majors Expand as Smaller Producers Retreat Amid Price Pressures
source : OILPRICE ( Middle East ) () 142
Previously, we reported that U.S. oil production has maintained its upward trajectory in the current year even as oil prices have sunk to multi-year lows. According to data from the Energy Information Administration (EIA), U.S. crude oil production hit an all-time high of 13.58 million barrels per day (mb/d) in June 2025, exceeding the previous record set in October 2024 by 50 thousand barrels per day (kb/d), and the pre-COVID November 2019 high by 582kb/d. Commodity experts at Standard Chartered have predicted that U.S. production will continue…

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