gas
The U.S. Gulf of Mexico accounts for around 15 percent of total domestic oil production and 2 percent of natural gas production
Russia's oil exports to Asia-Pacific region grew 1.5-fold and already exceeded 60 percent
New Permian wells delivering high output at 433,000 barrels per day
Fed rate cut likely as inflation continues to decline
However, global demand growth is expected to fall below 2 percent year-over-year in the second half of 2024
In April alone, consumption rose by 11.8 percent compared with the same period last year to total 35.46 billion cubic meters
Earnings to increase in the next two quarters as demand picks up during the summer driving season
