New Delhi, June 11 -- The US is facing a deceleration of crude oil production growth in 2025 than previously anticipated, according to a new analysis by S&P Global Commodity Insights.
The global commodities information services provider projects a sharper year-on-year overall production decline in 2026 in the US than previously anticipated.
The latest S&P Global Commodity Insights Global Crude Oil Markets Short-term Outlook finds that the US, which has been the biggest source of global supply growth in recent years, will be "disproportionately impacted" by a combination of sluggish global oil demand growth and supply surplus.
Following the most recent decision by OPEC+ members to proceed with the accelerated unwinding of production cut...
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