Oil Glut Incoming: US Production to Break Records
Update: 2025-10-07
Description
US oil production is set to smash records, forecasting a massive thirteen point five three million barrels per day in 2025, driven by Gulf projects and Permian Basin growth. This surge could flood the market, creating a supply surplus and potentially driving down oil prices, with West Texas Intermediate crude possibly averaging $65 a barrel. The forecast assumes OPEC Plus struggles to boost output, leading to overflowing global inventories and shifting the oil market's focus from scarcity to managing excess supply.
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