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US Crude Oil Production Reached a New Record

Gordon Kristopher
US Crude Oil Production Reached a New Record

On May 16, the EIA released its US crude oil production data. The EIA reported that US crude oil production increased by 20,000 bpd (barrels per day) to a record high of 10,723,000 bpd on May 4–11. The production also increased by 1,418,000 bpd or ~15.2% YoY.