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USA Expects Permian Oil Output to Hit Record in December

December 13, 2021 by

Crude production from the Permian exceeds that of each OPEC member except Saudi Arabia, underscoring its importance in balancing the oil market. Its low production costs make it appealing to drillers with most producers focusing their U.S. plans for expansion on the sprawling oil patch, at the expense of other shale basins. 

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