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1. www.resilience.org › stories › 2024/07/03The Status of U.S. Oil Production: 2024 Update Everything ...

   www.resilience.org › stories › 2024/07/03

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   3 days ago · The increase in U.S. oil production for 2023 was almost exclusively (97.2%) from four locations: Texas (+512,000 b/d), New Mexico (+253,000 b/d), North Dakota (+128,000 b/d) and the Gulf of Mexico (+122,000 b/d). U.S. oil production in 2023 increased rapidly from 12.568 mb/d in January to 13.295 mb/d in November.

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3. oilprice.com › Energy › Energy-GeneralThe Future of Oil Demand Is Increasingly Clear as Trends ...

   oilprice.com › Energy › Energy-General

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   2 days ago · In other parts of the world, namely Europe and North America, the growth in EV sales has had a negligible impact on oil demand, which, per the Energy Institute, fell by 1% in Europe and 0.8% in ...

4. www.woodmac.com › reports › oil-markets-northNorth America crude markets short-term outlook: July 2024

   www.woodmac.com › reports › oil-markets-north

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   1 day ago · North America Crude Supply & Pricing July 2024.xlsx. XLSX 1.16 MB. Document. North American Crude Market July 2024 Short Term Outlook Slidepack.pdf. PDF 1.64 MB. Document. WCSB Supply & Diluent Outlook July 2024.xlsx. XLSX 9.49 MB. In this outlook, we roll out our view to 2026.

5. energy-oil-gas.com › news › whats-driving-the-surgeWhat’s Driving the Surge in US Crude Oil Production

   energy-oil-gas.com › news › whats-driving-the-surge

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   2 days ago · The latest forecast for 2024 indicates that US crude oil production could reach new heights, surpassing previous records set in recent years. According to the EIA, the United States is expected to produce an average of 12.8 million barrels of crude oil per day in 2024, up from an estimated 11.9 million barrels per day in 2023.

6. www.reuters.com › business › energyOil prices up 2% to two-month high on summer demand hopes ...

   www.reuters.com › business › energy

   5 days ago · Oil prices gained about 2% to a two-month high on Monday on hopes of rising demand during the Northern Hemisphere's summer driving season and worries that conflict in the Middle East could spread ...

7. www.gccoop.com › news › 20242024 Energy Market Review and Future Key Drivers - GCC

   www.gccoop.com › news › 2024

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   5 days ago · China’s Oil Demand. China's oil demand growth is expected to slow significantly, decreasing from 1.02 million b/d in 2023 to 490,000 b/d in 2024. Factors contributing to this deceleration include a weaker post-pandemic recovery, a cooling real estate market, a shift to a service-oriented economy, and the rise of electric vehicles. Global ...

8. People also ask

   How will global oil demand grow in 2023?

   • According to the analyst, global oil demand will grow to 101.2 million barrels per day in the current year and will continue growing to hit 106 mb/d by 2030. Global oil demand will grow by 1.5 mb/d in 2023, with China accounting for 650,000 b/d after the country abandoned its rigorous zero-Covid policy.

   Why Oil Won’t Trade Above $100 This Year | OilPrice.com

   oilprice.com/Energy/Oil-Prices/Why-Oil-Wont-Trade-Above-100-This-Year.html

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   What happened to oil & gas production in 2024?

   • Chartbook: U.S. oil and gas production In contrast to oil, the slump in gas prices, drilling and output has been much sharper, with real prices falling to multi-decade lows, forcing a brutal adjustment. Dry gas production slowed to 101.7 billion cubic feet per day (bcf/d) in April 2024 from 102.7 bcf/d in April 2023, the slowest for 16 months.

   US oil output growth slows, gas begins to fall

   www.reuters.com/markets/commodities/us-oil-output-growth-slows-gas-begins-fall-kemp-2024-07-02/

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   What happened to oil prices in 2023?

   • But they were still as high as $73 per barrel (42nd percentile) in December 2023 and have since recovered to $79 (49th percentile) in June 2024. The relatively moderate decline in prices has caused the number of rigs drilling for oil to decline by only 22% since the end of 2022.

   US oil output growth slows, gas begins to fall

   www.reuters.com/markets/commodities/us-oil-output-growth-slows-gas-begins-fall-kemp-2024-07-02/

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   Will production increase or decrease in 2024?

   • Production has continued to increase, though more slowly. Lower 48 output was up by 0.5 million b/d (4.8%) in April 2024 compared with a year earlier, with growth down from 0.9 million b/d (9.5%) in April 2023. There is no strong signal to increase or reduce production, given current prices are close to the long-tern average in real terms.

   US oil output growth slows, gas begins to fall

   www.reuters.com/markets/commodities/us-oil-output-growth-slows-gas-begins-fall-kemp-2024-07-02/

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9. www.reuters.com › markets › commoditiesUS oil output growth slows, gas begins to fall | Reuters

   www.reuters.com › markets › commodities

   3 days ago · Production has continued to increase, though more slowly. Lower 48 output was up by 0.5 million b/d (4.8%) in April 2024 compared with a year earlier, with growth down from 0.9 million b/d (9.5% ...