Last updateFri, 03 Jul 2020 5pm

End-User News

U.S. Strengthens Position as World’s Top Oil Producer

The U.S. further solidified its position as the world’s top producer of crude oil in October with domestic production reaching a new all-time high of 12.6 million barrels per day, according to data released from the American Petroleum Institute’s Monthly Statistical Report covering October 2019. The record production was met with solid U.S petroleum demand and exports plus lower oil prices in October.

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