3 Energy Stocks Primed for Success as Oil Trades Near $80

U.S. crude oil production is projected to grow 2% from the 2023 level to an average 13.2 million barrels per day (bpd) in 2024, and another 4% in 2025, reaching 13.7 million bpd. The Permian region, which accounts for nearly half of the country's crude oil production, drives this increase, followed by contributions from the Eagle Ford region and the Federal Gulf of Mexico. Global liquid fuel consumption is projected to rise 1.1 million bpd to 103 million bpd this year, surpassing previous estimates. It is a ...