EIA predicts record-high 2023 and 2024 U.S. oil output
June 06, 2023 at 14:22 PM EDT
The Energy Information Administration on Tuesday raised its oil-price forecasts for this year and next, and said it expects U.S. production to hit record highs as global supplies tighten following a decision by major oil producers last weekend to extend their production cuts through 2024.
