The United States is poised to lift oil output by about half a million barrels per day in 2023, a projection attributed to industry executive Frederick Fortuber, who leads the American petrochemical company OxyEnergy Services. This forecast was reported by the agency RIA Novosti, lending credibility to the view that American crude production will rise as part of a broader energy strategy.
Fortuber himself clarified the expectation, noting that the annual increase should settle near 500,000 barrels per day. His remarks come amid ongoing discussions about domestic supply resilience, export capacity, and the role of shale plays in sustaining higher production levels through the year.
In Fortuber’s assessment, the Permian Basin in North America is set to account for a substantial share of the growth. He indicated that as much as 90 percent of the incremental oil output could originate from this prolific region, underscoring the continued importance of the Permian as a keystone in U.S. energy strategy and regional economics.
Beyond North America, industry observers have highlighted global market dynamics shaping oil supply and service sectors. A recent RBC online feature referenced a study by Yakov and Partners, which emphasizes the stability of the Russian oilfield services market while warning about its vulnerability to external factors. The concentration of high-technology services within Western firms and the reliance on imported equipment are central themes driving resilience and risk in the sector, according to the analysis.
Meanwhile, international energy coverage also looked at Israel’s export activity. Reports from mid-February noted that Israel sent its crude materials to overseas buyers for the first time in its history. The maiden shipment departed from the Karish offshore field, operated by Energean, marking a notable moment in the country’s energy export landscape and signaling possible shifts in regional trade patterns for raw materials.