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Oil prices may not drop even as companies drill more

April 27, 2022 by

The uptick in drilling and fracking could push U.S. production up by 1 million barrels a day by the end of the year, said Al Salazar, vice president of intelligence at Enverus. But it still may not be enough to make up for the Russian production that’s been taken off the market by economic sanctions, he said.

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