CERAWEEK-US oil production will increase by 500,000 barrels per day in 2023 – #CERAWEEKUS #oil #production #increase #barrels #day

March 7 (Reuters) – USAU.S. oil production will rise by about 500,000 barrels per day this year, with 80% or 90% coming from the Permian Basin, Frederick Forthuber, president of Occidental Petroleum Corp’s ( OXY.N ) Oxy Energy Services, told CERAWeek in Houston on Tuesday. said at the conference.

USAOil production growth moderated in , and as companies turned their attention to returns to investors and inflation and is expected to remain slower as it faces headwinds such as supply chain constraints.

Reporting by Liz Hampton in Denver Editing by Marguerita Choy

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2023-03-07 18:17:27
Source – reuters

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