US Trims 2025 Crude Output Growth Forecast as Drilling Stalls
Petroleum Geochemistry I Ariana Energy Researchers
Bloomberg–The US sees domestic crude output growth slowing more than expected this year as choppy oil prices limit drilling activity.
US crude output is now expected to grow by 160,000 barrels a day this year to 13.37 million barrels a day and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday. The production forecast for this year represents a drop of about 50,000 barrels a day from the agency’s previous projections in June.