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US Crude Oil Production Achieved a New Record

Gordon Kristopher
US Crude Oil Production Achieved a New Record

The EIA released its weekly US crude oil production data on May 2. It reported that US crude oil production increased by 33,000 bpd (barrels per day) to a record high of 10,619,000 bpd from April 20 to 27. Production also increased by 1,326,000 bpd or ~14.2% year-over-year.