Standard Chartered: U.S. Oil Production Growth To Decline In 2025

[excalibur]

The chickens coming home to roost from 4-years of very bad energy policy. Bad policy courtesy of Joe Biden and his henchmen and their stupid policies.

... analysts at Standard Chartered have predicted that the dramatic slowdown in U.S. oil production growth that we witnessed in 2024 will continue over the next two years.

According to the experts, last year witnessed a sharp slowdown in non-OPEC+ supply growth from 2.46 mb/d in 2023 to 0.79 mb/d in 2024, primarily caused by a reduction in U.S. total liquids growth from 1.605 mb/d in 2023 to 734 kb/d in 2024. StanChart expects this trend to continue, with U.S. liquids growth expected to clock in at just 367 kb/d in 2025 before slowing down further to 151 kb/d in 2026.

Stanchart says the U.S. slowdown and a long tail of declines will keep non-OPEC supply growth well below 1 mb/d over the next couple of years despite some areas of solid growth in Brazil, Canada and Guyana. In other words, there’s no inevitable supply glut coming as many traders feared in 2024.

...​

Standard Chartered: U.S. Oil Production Growth To Decline In 2025 | OilPrice.com

Standard Chartered: the slowdown in U.S. oil production growth is set to continue in 2025 and 2026.

oilprice.com

 

[Thunk]

dramatic slowdown in U.S. oil production growth that we witnessed in 2024 will continue over the next two years.

We'll start drilling in ANWR and the gulf of America & bounce right back!

We never drilled in either before

 

[BULLDOG]

The chickens coming home to roost from 4-years of very bad energy policy. Bad policy courtesy of Joe Biden and his henchmen and their stupid policies.

... analysts at Standard Chartered have predicted that the dramatic slowdown in U.S. oil production growth that we witnessed in 2024 will continue over the next two years.​

​

According to the experts, last year witnessed a sharp slowdown in non-OPEC+ supply growth from 2.46 mb/d in 2023 to 0.79 mb/d in 2024, primarily caused by a reduction in U.S. total liquids growth from 1.605 mb/d in 2023 to 734 kb/d in 2024. StanChart expects this trend to continue, with U.S. liquids growth expected to clock in at just 367 kb/d in 2025 before slowing down further to 151 kb/d in 2026. ​

​

Stanchart says the U.S. slowdown and a long tail of declines will keep non-OPEC supply growth well below 1 mb/d over the next couple of years despite some areas of solid growth in Brazil, Canada and Guyana. In other words, there’s no inevitable supply glut coming as many traders feared in 2024.​

​

...​

Standard Chartered: U.S. Oil Production Growth To Decline In 2025 | OilPrice.com

Standard Chartered: the slowdown in U.S. oil production growth is set to continue in 2025 and 2026.

oilprice.com

So, that would make all of trump's "drill baby drill" promises just more bullshit, right?

 

[excalibur]

So, that would make all of trump's "drill baby drill" promises just more bullshit, right?

Your lack of understanding is hilarious. It takes a couple of years to get new fields into production.

Which is why I posted several times the past few years when some of you tried and [laughably] credit Biden with our high production and pointed out that Biden was benefitting from Trump policies.

But from day 1 of Biden he killed drilling, and now we see the effect in 2024 and the expected effect in 2025.

 

[lennypartiv]

So, that would make all of trump's "drill baby drill" promises just more bullshit, right?

There will be more than enough drilling under Trump. The problem is oil companies seem reluctant to increase refining capacity. Trump might need to nationalize the oil industry.

 

[BULLDOG]

Your lack of understanding is hilarious. It takes a couple of years to get new fields into production.

Which is why I posted several times the past few years when some of you tried and [laughably] credit Biden with our high production and pointed out that Biden was benefitting from Trump policies.

But from day 1 of Biden he killed drilling, and now we see the effect in 2024 and the expected effect in 2025.

Yet trump promised drastically lower gas prices very soon after his inauguration. How is that going to work?

 

[excalibur]

Yet trump promised drastically lower gas prices very soon after his inauguration. How is that going to work?

You are one sad case. Your boy Biden fucked up our energy policy so badly. Now you blame Trump for whatever. LOL

We're talking production of raw product in the OP, not refined product.

Please do something about that TDS.

 

[BULLDOG]

There will be more than enough drilling under Trump. The problem is oil companies seem reluctant to increase refining capacity. Trump might need to nationalize the oil industry.

That's the ticket. MAGAs constantly complain that the federal government controls too much all ready, so why not just take over the oil companies. MAGA cult logic is a constant source of amusement.

 

[lennypartiv]

That's the ticket. MAGAs constantly complain that the federal government controls too much all ready, so why not just take over the oil companies. MAGA cult logic is a constant source of amusement.

Trump is the man to do it the right way.

 

[BULLDOG]

You are one sad case. Your boy Biden fucked up our energy policy so badly. Now you blame Trump for whatever. LOL

We're talking production of raw product in the OP, not refined product.

Please do something about that TDS.

When trump promised drastically reduced prices at the pump soon after his inauguration, was he talking about raw product or refined product? I'm pretty sure my pickup requires refined product.

 

[elektra]

When trump promised drastically reduced prices at the pump soon after his inauguration, was he talking about raw product or refined product? I'm pretty sure my pickup requires refined product.

What do you think you get at the pump

 

[toobfreak]

... analysts at Standard Chartered have predicted that the dramatic slowdown in U.S. oil production growth that we witnessed in 2024 will continue over the next two years.

No surprise there. Biden told us his globalist handlers told him to vow to destroy the oil industry at any cost.

 

[toobfreak]

We'll start drilling in ANWR and the gulf of America & bounce right back!

How can we? Biden cut us off from developing both areas.

 

[TimFitz]

Your lack of understanding is hilarious. It takes a couple of years to get new fields into production.

Which is why I posted several times the past few years when some of you tried and [laughably] credit Biden with our high production and pointed out that Biden was benefitting from Trump policies.

But from day 1 of Biden he killed drilling, and now we see the effect in 2024 and the expected effect in 2025.

understanding?

You post an article on how global oil producers are REDUCING production in the face of weakening demand, and you manage to draw the exact opposite conclusion from it.

But for American right wingers and Trump sheep, oil production is the only measure of the success of energy policy. At least that’s what you said.

 

[TimFitz]

There will be more than enough drilling under Trump. The problem is oil companies seem reluctant to increase refining capacity. Trump might need to nationalize the oil industry.

If he did that, and ran it by heedless decree, the way he does everything else, we really will have oil shortages.

 

[BULLDOG]

What do you think you get at the pump

That was my point. Excaliber was trying to defend trump by noting the time requirement between drilling and refining. Trump didn't make allowances in his promise. He said all prices would fall very quickly. That's what trump promised. Didn't matter if that was possible.

 

[Couchpotato]

So, that would make all of trump's "drill baby drill" promises just more bullshit, right?

You not understanding the oil production process has been noted.

 

[BULLDOG]

You not understanding the oil production process has been noted.

You're not understanding trump made those impossible promises regardless of the oil production processes. He intentionally lied because he knew his cult was too stupid to understand his promises were impossible.

 

[elektra]

That was my point. Excaliber was trying to defend trump by noting the time requirement between drilling and refining. Trump didn't make allowances in his promise. He said all prices would fall very quickly. That's what trump promised. Didn't matter if that was possible.

Uh, quickly is a bit longer than a week. But I get it. You must declare Trump failed even though nobody expected prices to fall in one day

 

[Zincwarrior]

There will be more than enough drilling under Trump. The problem is oil companies seem reluctant to increase refining capacity. Trump might need to nationalize the oil industry.

Ok Commie.