RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

U.S. oil production climbs to record

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | October 9, 2019
Oil drillers
America   Oil drillers

U.S. oil production averaged a record 12.6 million b/d last week as U.S. net imports of crude oil fell to levels not seen since February, the U.S. Energy Information Administration said.

Topics: U.S. oil

In its Weekly Petroleum Status Report for the week ending October 4, the agency said domestic crude production had increased by 1.4 million b/d from the same week a year ago.

In its Short-Term Energy Outlook Tuesday, EIA forecast monthly US oil output to average 13 million b/d by December, but that roughly 1 million b/d of annual growth is expected to slow in 2020, climbing less than 400,000 b/d over the course of next year.

What to read next
POST Online Media Contact