The current record of 4.91 million barrels a day was set in March 2020. Crude production in the Permian Basin is expected to surpass a pre-pandemic high this month as a rebound in the U.S. shale industry fuels activity in its most prolific patch. Supplies from the Basin, which straddles West Texas and New Mexico, is projected to reach 4.96 million barrels a day in December, the Energy Information Administration said Monday in a report. The current record of 4.91 million barrels a day was set in March 2020. The agency also sees supplies exceeding 5 million barrels a day next month for the first time in data going back to 2007. Crude production from the Permian exceeds that of each OPEC member except Saudi Arabia, underscoring its importance in balancing the oil market. Its low production costs make it appealing to drillers with most producers focusing their U.S. […]