U.S. OIL PRIODUCTION UP TO 10.2 MBD
API - U.S. crude production rose to 10.2 million barrels per day (MBD) in January – the highest monthly output on record, according to API's monthly statistical report. This was an increase of 1.1 percent versus December and 15.1 percent from January 2017.
"In Olympic fashion, U.S. crude oil production scored a perfect "10" in January," said API Chief Economist Dean Foreman. "Record production of 10.2 MBD combined with a new high for refinery throughput, plus 6.3 MBD of crude oil and refined product exports, helped to narrow the price difference between…
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