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Record U.S. Crude Oil Production and Exports Bullish for the Midstream Sector

Eliecer Palacios

We have analyzed the weekly U.S. crude production figures reported by the Energy Information Administration, which have averaged an all-time record 11 million barrels a day for the past two weeks -- a 16% boom since early January. As a result we are building a bullish view on midstream infrastructure investments. To date, the U.S. has passed Russia to become the largest crude oil producer in the world, and the future is even brighter for the U.S. oil industry as the shale sector as a whole is on track to achieve positive free cash flow in 2018, according to the International Energy Agency.