U.S. Oil Production Flatlines

1. US Oil Production Flatlines as Shale Drilling Falters- US unconventional crude supply is expected to remain flat in February for the third straight month, declining by a mere 2,000 b/d to 9.68 million b/d as the country’s rig count is still yet to see a rebound. - The EIA expected bigger month-on-month declines in 2024, but productivity gains in the Permian, Appalachia, and Haynesville have surprised to the upside. - The Permian Basin remains the only major play to see its production increase, improving marginally to 5.974 million b/d…