IHS Markit: "Stunning" Permian oil production to more than double from 2017-2023

Oil production in the Permian basin, already a major force in global supply growth, will rise nearly 3 MMbpd by 2023—a level of growth exceeding most recent estimates, a new outlook by business information provider IHS Markit says. What the report describes as a “stunning” level of growth will comprise more than 60% of net global production growth during that timeframe. More »