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The Energy Information Administration said onshore oil production is set to rise by about 70,000 barrels per day in July, driven by increases from the Permian Basin.

Energy stocks swing with economic signals, Mideast tensions →

It's particularly true for Western states, where renewables will provide almost a quarter of the power to households and businesses during the peak summer season, the agency said in its projections.

Officials: Coal to keep sliding as renewables, gas fill gap →