The Permian basin continues to strengthen its position as a key driver of U.S. energy production and economic growth, supporting more than 940,000 jobs nationwide and contributing billions of dollars to local, state and national economies, according to new reports released by the Permian Strategic Partnership (PSP).
Venezuela can bolster oil production by 30% to 40% this year, an increase of roughly 300,000 to 400,000 bpd, according to U.S. Energy Secretary Chris Wright.