U.S. Production & Exports of Crude Oil & Petroleum Products Hit New Record in 2024, Imports Dipped Further, SPR Refilling Halted in February
wolfstreet.com/2025/03/04/u-s-production-exports-of-crude-oil-petroleum-products-hit-new-record-in-2024-imports-dipped-further-spr-refilling-halted-in-february
The new mantra among frackers: “Discipline” to not trigger another oil-price collapse through overproduction. Drill Baby Drill, but not too fast.
By Wolf Richter for WOLF STREET.
Crude oil production in the US rose by 2.5% in 2024, and by 165% since 2008, to a record 13.3 million barrels…
This story appeared on wolfstreet.com, 2025-03-04 05:34:52.