With Opec+ struggling to carry through on plans to hike output by 400,000 b/d each month (MEES, 4 February) and oil prices hitting $90/B amid concerns over dwindling global spare capacity, US major ExxonMobil clearly senses an opportunity.
Having already hiked output from its core US Permian Basin by 25% to 460,000 boe/d (of which around 360,000 b/d is liquids) for 2021 the major plans another year of 25% growth for 2022. (CONTINUED - 984 WORDS)
