The Permian Basin in western Texas and eastern New Mexico has been the largest source of shale oil production growth in the United States, and an engine of supply growth outside the Organization of ...
The U.S., in particular, has seen significant growth in shale oil production, often undermining OPEC’s attempts to stabilize prices. De Haan’s comments align with a growing sentiment among industry ...
Both U.S. crude oil imports and exports decreased during the week ending Dec. 20, the U.S. Energy Information Administration (EIA) said in a report released on Friday.