Daily Energy Report
Permian oil production, OPEC production, Aramco seas tighter oil market, Suez traffic drops, LNG & Red Sea, Saudi oil price, Europe solar crisis, Shipping emissions,, EV cheating, and more
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Chart of the Day: Permian’s Oil Production is at a Record High, but is it Declining?
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Summary
Figure (1) above shows oil production the Permian Basin. It shows how it has been increasing YoY. It also shows that it reached a record high in 2023.