Think: U.S. Oil, Increased Access to Boost Global Supply

July 20, 2018

Big news in the latest API Monthly Statistical Report: U.S. crude oil production rose to an all-time record of 10.7 million barrels per day (mbd) in June - the largest monthly output, ever. Here’s a chart from the MSR:

crude_oil_production

 

Below, the U.S. Energy Information Administration’s chart showing U.S. oil production since the era of Col. Edwin Drake, with annual output peaking at 9.637 mbd in 1970...

Read more on Energy Tomorrow...

<- Go Back

Sign Up for Email

Give Us Your Thoughts