American Oil Majors Expand as Smaller Producers Retreat Amid Price Pressures
U.S. oil hit a record in June (13.58 mb/d), but momentum is fading. Smaller operators are pulling back, and only the majors are still adding barrels. The EIA sees output easing from about 13.6 mb/d late-2025 to roughly 13.2 mb/d by end-2026 as low prices slow drilling and completions. Previously, we reported that U.S. oil production has […]
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