Production growth from the Permian shale in the southern United States will be equivalent to adding another Kuwait to the market. File Photo by Gary C. Caskey/UPI June 13 (UPI) — Output from the Permian shale oil basin in the southern United States will account for 60 percent of world total production growth by 2023, analysis finds. In its latest drilling productivity report, the U.S. Energy Information Administration expects Permian oil production will average 3.27 million barrels per day in June, a 2.4 percent increase from last month if estimates prove accurate. A report emailed to UPI from consultant group IHS Markit forecast a production average of 5.4 million barrels per day in 2023. Daniel Yergin , the vice chairman of the group, said the additional barrels from the Permian are about the equivalent of adding another Kuwait to the market. "In the past 24 months, production from just […]