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

Last month, a survey by law firm Haynes Boone LLC revealed that banks are gearing up for oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term. The survey of 26 bankers showed that they expect WTI prices to drop to $58.62 a barrel by 2027, nearly $20 lower than the intraday price of $76.22 at 12.00 pm ET on Wednesday. Trump says he’ll push shale producers to ramp up output, even if it means operators “drill themselves out of business.” However, commodity analysts at Standard Chartered…