Steel tariffs and the pace at which U.S. oil production is accelerating could act as a short-term throttle to momentum, the International Energy Agency said. The United States is on pace to become the largest oil producer in the world, possibly passing Russia at some point in the very near future. Most of the U.S. production comes from a handful of shale basins in the country and the more lucrative ones are in Texas. The IEA said it expects production from the Eagle Ford and Permian basins will increase by as much as 2.7 million barrels per day in the next five years. That means it’s critical that pipeline and port infrastructure developments keep up. Olivier Lejeune, an oil analyst […]