Goldman Sachs projects that Permian oil production will grow from an exceptional 520,000 barrels per day (bpd) in 2023 to a strong 270,000 bpd by 2026. While geological constraints might curtail growth slightly, the region's output will remain substantial, contributing significantly to the stability of global oil prices. The EIA added that U.S. crude oil production, led by the Permian, is expected to rise to an average of 13.2 million bpd in 2024 and 13.7 million bpd in 2025. This means nearly half of the n ...