US crude oil production rises slightly less than expected – Commerzbank
The US Department of Energy has revised its forecast for US crude oil production slightly downwards for this year and next, Commerzbank’s commodity strategist Carsten Fritsch notes. OPEC+ may have some scope to increase production “It now expects an increase of 300 thousand barrels per day for 2024 and 460 thousand barrels per day for 2025. Production from September…