U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf NYT - Energy & Environment By: Rebecca F. Elliott 22 June 2026 at 15:14 U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market. © Arathy Somasekhar/ReutersSmaller U.S. oil producers are starting to drill more wells, but big companies like Exxon Mobil and Chevron have said they are not changing their plans as a result of the war with Iran.
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