Business

US proved oil reserves diminished by fifth

Proved oil reserves in the United States slipped 19% over the course of 2020, from 44.2 billion barrels to 35.8 billion barrels, according to fresh data from the Energy Information Administration (EIA). Read Full Article at RT.com
Source: https://www.rt.com/business/545889-us-oil-output-to-set-record-2023/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

US crude oil production is set to exceed pre-pandemic levels next year, driven by a jump in shale output as higher prices push producers to drill more wells to offset declining rates, the Energy Information Administration says.
Source: https://www.rt.com/business/546047-us-proved-oil-reserves-slip/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

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