Brutal winter weather in January caused a temporary setback for US oil production, according to a new report by the Energy Information Administration. Production is expected to rebound in the coming months, but the incident highlights the need for the industry to build resilience against extreme weather events.
US oil production
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The US oil industry is facing a slowdown in production growth in 2024, according to a report by the US Energy Information Administration (EIA). The EIA predicts that US crude…