U.S. Oil Production Growth 2024: Key Trends & Forecasts

The Permian Basin and the Federal Offshore Gulf of Mexico are planning to increase their oil production. The U.S. has been producing oil since the 1850s, and this trend continues to rise. Major oil-producing regions are also planning to boost their output, aligning with optimistic forecasts. In 2024, the Energy Information Administration (EIA) predicts crude…

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