Record NGLs output is if anything a bigger factor in the rebound than crude output gains.
US Output Gains Pick Up Pace
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Charts
1: US Liquids Output (‘000 b/d): The Permian Has Been One Source Of Recent Output Gains, But NGLs Have Been An Even Bigger Driver And Will Remain So In 2022
2: US Liquids Output (‘000 b/d): Crude Is Growing Steadily But Forecast To Remain 600,000 b/d Below Previous Records Even By End-2022. In Contrast NGLs Are Already 400,000 b/d Above Q1 2020 Highs
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