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World’s Top Oil Trader Sees Lower U.S. Output in 2025 ...Middle East
U.S. oil production is set for a slight drop this year amid weaker prices, the chief executive of the world’s largest independent oil trader, Vitol Group, said on Tuesday. “With slightly lower prices ... we're beginning to see some impact on investment and production,” Vitol’s CEO Russell Hardy said at the Energy Asia conference in Kuala Lumpur, Malaysia, as carried by Reuters. “And there's nowhere more obvious for that than within the U.S. and within the shale industry,” the executive added. Hardy…
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