A week ago, the Energy Information Administration (EIA) published its latest Short term energy outlook (STEO), while revising its oil production outlook for 2022 and 2023. The EIA revised US 2022 crude oil supply by 80,000 barrels per day (kb/d) to 11.828 million barrels per day (mb/d) and 2022 crude oil supply growth by 80 kb/d to 574 kb/d. However, the energy watchdog revised its 2023 production outlook by 21 kb/d to 12.31 mb/d and 2023 growth by…
