What effects if oil production continues to increase sharply in the United States?

In November 2019, OPEC published its forecasts for global oil production. The most important point in these forecasts is the assumption that oil production in the United States will increase to 23 million barrels per day in 2025, with global demand for oil of 105 million barrels per day (currently, US production is 13 million barrels per day and global demand for oil is 101 million barrels by day). If this increase in US oil production proves to be correct, the oil price will fall and become low by 2024. What are the consequences of a low and falling oil price? Low inflation and interest rates; As a result of low inflation, a faster increase in real income and household demand; Difficulties for some oil-exporting countries (Middle East, Russia, Brazil, etc.).