The United States will increase oil production by 500,000 barrels per day in 2023. This was expressed by Frederick Fortuber, president of the American petrochemical company OxyEnergy Services. Wrote agency RIA Novosti.
“We expect it to be around 500,000 barrels per day this year,” he said, referring to the projected increase in oil production.
Fortuber noted that up to 90% of the increase in US oil production will come from the Permian Basin in North America.
Last week, the RBC online publication cited a study by consulting firm Yakov and Partners, WroteThe Russian oilfield services market remains one of the most stable in the world, but its vulnerability is the large concentration of high-tech types of services in Western companies and, accordingly, the dependence on imported equipment.
Financial Times mid-February reported About Israel’s oil exports. For the first time in its history, the country sold its raw materials abroad. The first batch left the Karish offshore field under development by the Greek company Energean.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.