Weekly U.S. crude oil production hit the highest level on record last week, according to preliminary government data, in another sign of the resilience of American shale drillers. The United States produced 9.62 million barrels of oil a day in the week through Nov. 3, the U.S. Energy In...
The EIA report said the weekly U.S. field production of crude oil averaged 11.9 million barrels per day (b/d), the same from the previous week and up by about 2 million b/d year-on-year. The organization expected that non-OPEC countries, particularly the United States and Brazil, will...
HOUSTON, Jan. 16 (Xinhua) -- U.S. crude oil field production increased during the week ending Jan. 11, the U.S. Energy Information Administration (EIA) said on Wednesday. The EIA report said the weekly U.S. field production of crude oil averaged 11.9 million barrels per day (b/d), ...
US crude oil production fell by 38,000 barrels per day to 9.164 million b/d in the week ended Dec. 4 from 9.202 million b/d in the week ended Nov. 27, according to the latest weekly data from the Energy Information Administration (EIA). The EIA's weekly data has shown US output ...
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In summary, US oil storage rebalancing continues. Negative adjustment factor continues to point to either demand being understated or production being overstated. The next several weeks of EIA oil storage report will exhibit a lot of volatility, so readers should brace themselves for crazy numbers....
(EIA) reported that domestic crude oil production fell by 24,000 barrels per day to 8.953 million b/d in the week ended Apr. 15. US oil output is continuing its downward trend after falling below 9 million b/d last week for the first time since the end of 2014, when US output was...
( nysearca: uso )(oil)(uwti) sped up on the downside this week. the world has been reporting slowing demand trends while production reports have been picking up. while fundamentals point to lower prices we're going to continue to let price dictate our direction. for now it's down. here...
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