EIA expects record global petroleum consumption in 2024, with lower crude oil prices
Green Car Congress
JANUARY 11, 2023
Despite relatively low investment, EIA expects increases in drilling productivity and associated natural gas takeaway capacity from the Permian region will result in record annual US crude oil production in 2023 and 2024. EIA expects US natural gas prices to decrease, on average, through 2023 and 2024 as domestic production continues to grow.
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