Report: US Oil Output Shields Against Supply Shocks

The United States is positioned to withstand major oil supply disruptions as the world’s largest oil and natural gas producer, with output already at a record 13.6 million barrels per day and expected to climb toward 14 million, while additional drilling rigs are being brought back online. Forbes reported that market analysis from several sources shows U.S. domestic supply strength means Americans may face higher fuel prices but are unlikely to see outright shortages, even as global flows tighten following disruptions tied to the U.S. and Israel conflict with Iran. U.S. oil producers have started bringing idled drilling rigs back…