U.S. oil production growth slows, threatening expansion projects amid focus on investor returns.

U.S. oil production growth is slowing, casting doubt on projects to expand crude exports. The Permian region's rapid production growth has declined as companies now focus more on investor returns. With U.S. oil export capacity at around 7 million barrels daily, Chevron expects only a modest increase in shipments this year. Enterprise Products Partners is considering dropping its Seaport Oil Terminal project due to permitting issues and loss of a key customer.

5 weeks ago
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