US Oil Output to Hit Record 12.8 Million Barrels a Day in 2023

US Oil Output to Hit Record 12.8 Million Barrels a Day in 2023

Via Julia Fanzeres and Chunzi Xu in bloomberg.com: Higher-than-expected well productivity and rising crude prices will help boost US production to a record 12.8 million barrels a day in 2023, up from a previous forecast of 12.6 million, according to a monthly report from the US Energy Information Administration released Tuesday. The US averaged about 11.9 million barrels a day in 2022.





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