In effect, a handful of counties in West Texas and southeastern New Mexico have added more new oil supply since 2020 than some OPEC members produce outright — a reminder that the balance of global oil power still tilts heavily toward the Permian.
In effect, a handful of counties in West Texas and southeastern New Mexico have added more new oil supply since 2020 than some OPEC members produce outright — a reminder that the balance of global oil power still tilts heavily toward the Permian.