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CERAWEEK: US crude 2024 output growth likely drops to 300,000-400,000 b/d: ConocoPhillips CEO

March 20, 2024 Comments Off

US crude oil production growth in 2024 will likely drop to about 300,000-400,000 b/d in 2024, down from around 1 million b/d in 2023, a top industry veteran said March 19, even as the number of drilling rigs remain at fairly low levels. ConocoPhillips CEO Ryan Lance said at the CERAWeek by S&P Global conference that he had predicted less…