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" ... Saudi Aramco President Amin al-Nasser, left, shakes hands with Sultan Ahmed Al Jaber, UAE Minister... [+] of State and ADNOC Group CEO after they signed a contract in the opening day of the Abu Dhabi International Exhibition & Conference, ADIPEC, in Abu Dhabi, United Arab Emirates, Monday, Nov. 12, 2018. OPEC and allied oil-producing countries likely need to cut crude supplies to rebalance the market after proposed U.S. sanctions on Iran failed to cut Tehran's ouput, top Saudi and Emirati energy officials said Monday. (AP Photo/Kamran Jebreili) ... "
" ... The year after the moratorium would prove to be a watershed moment, as Texas surpassed the GOM as the top producing region in the U.S. in April 2011, as fracturing technologies and methodologies advanced. Said moment would see the rise of Texas as the U.S.’ number one producing region: a position that it holds to this present day. Prior to this occurring, the GOM’s output in September of 2010 commenced at 1.59 million barrels, and in August 2019 a monthly production record was set via 2.05 million barrels, per the EIA (all production referenced in this section comes from the EIA). In the span of nearly 9 years the GOM maintained a relatively tempered production ouput. ... "