EIA: US crude oil production will increase to new records in 2023 and 2024
Green Car Congress
JANUARY 26, 2023
million b/d set in 2019. Despite declining crude oil prices, EIA expects the WTI price will remain high enough to support crude oil production growth, especially in the Permian, where data from the Dallas Fed Energy Survey indicate that average breakeven prices range from $50/b to $54/b. million barrels per day (b/d) in 2023 and 12.8
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