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Oil Shock Tests US Energy Dominance Limits

March 10, 2026·4 days ago·via Bloomberg
Oil Shock Tests US Energy Dominance Limits
An oil shock challenges America's energy dominance as U.S. crude production hits record highs of 13.6 million barrels per day in 2025 but faces declines to 13.5-13.6 million in 2026 due to lower prices around $51-65 per barrel. Permian Basin growth stalls while Gulf of Mexico output rises to 2 million barrels daily, and Alaska sees modest gains, but overall drilling slows as prices dip below breakeven for many operators. Read more about this...

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