Oversupply concerns begin to emerge as US production increases

US Energy Information Administration projects production records in Permian basin, Haynesville shale

Record production: The Permian basin is expected to all-time production highs for both oil and natural gas in February
Record production: The Permian basin is expected to all-time production highs for both oil and natural gas in FebruaryPhoto: REUTERS
Published 19 January 2022, 21:52Updated 19 January 2022, 21:52