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Industry job losses and $2 billion cuts threaten U.S. oil output growth – Oil & Gas 360
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Industry job losses and $2 billion cuts threaten U.S. oil output growth – Oil & Gas 360
(World Oil) – The U.S. oil industry is facing significant challenges, having laid off thousands of workers and reduced billions in spending due to declining oil prices and major industry consolidation. This shift may signal the end of the rapid output growth that once positioned the U.S. as the top global producer. In response, the Organization of the Petroleum Exporting Countries and its partners in the OPEC+ group are ramping up production to r
·Denver, United States
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