U.S. Oil Production Outlook & Midstream Implications

Elevated crude prices and a stronger macro backdrop have raised expectations for record U.S. oil and gas production next year. However, large producers are still remaining disciplined and are not materially increasing output yet. The article is broadly constructive for the sector, but the message is more about expectations than a confirmed production shift.

Analysis

Elevated crude prices and a stronger macro backdrop have raised expectations for record U.S. oil and gas production next year. However, large producers are still remaining disciplined and are not materially increasing output yet. The article is broadly constructive for the sector, but the message is more about expectations than a confirmed production shift.