Shale oil production growth to record highs in the United States drove a 2.5-million-bpd increase in global oil production last year despite OPEC+ cuts, Italy’s Eni said in the latest edition of its World Oil Review report, part of the company’s World Oil, Gas and Renewables Review. According to the report, the U.S. accounted for 88 percent of this growth in global oil production, while OPEC recorded a production decline overall, on the back of U.S. sanctions against Iran and Venezuela, which took off a combined 800,000 bpd from the…
