EIA expects shale to drive record U.S. oil production in 2023

World Oil | Jan 12, 2022 at 1:00 AM
  • U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output.
  • The agency also sees global petroleum supply rising to a record this year of 101.05 million barrels a day.
  • Global consumption is set to reach 100.52 million barrels a day this year from its previous estimate of 100.46 million.