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EIA Upgrades US Crude Oil Production for 2019

Gordon Kristopher
EIA Upgrades US Crude Oil Production for 2019

On May 9, the EIA released its weekly US crude oil production data. The EIA reported that US crude oil production increased by 84,000 bpd (barrels per day) to a record high of 10,703,000 bpd on April 27–May 4. The production also increased by 1,389,000 bpd or ~15% YoY (year-over-year).