
EOG Resources adds to glum U.S. oil outlook on cost, supply chain snags
Nasdaq Shale oil producer EOG Resources EOG.N on Thursday said U.S. production gains next year will slow amid persistent supply chain constraints and inflationary pressures, echoing a rival’s sentiment. EOG forecasts overall U.S. oil output to increase by between 700,000 and 800,000 barrels per day this year. But in remarks at the Barclays CEO Energy and Power conference on Thursday, EOG’s top executive predicted that