U.S. production growth to slow amid drilling decline, says EIA
Oil & Gas 360º
JULY 9, 2025
crude output is now expected to grow by 160,000 bpd this year to 13.37 Drilling rigs in the U.S. have been declining steadily and are hovering near four-year lows even as oil prices stabilized after plunging to multi-year lows on worries about global demand. The global benchmark is currently trading near $70 a barrel.
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