U.S. OIL PRODUCTION 12.4 MBD
U.S. API - WASHINGTON, October 18, 2019 – U.S. crude oil production reached a new all-time high of 12.4 million barrels per day (mb/d) – and U.S. natural gas liquids production sustained a record 4.8 mb/d – in September, according to data released today from the American Petroleum Institute's September 2019 Monthly Statistical Report (MSR). This milestone came as global markets have grappled with geopolitical and trade tensions that underscored the ability of U.S. production to cushion American consumers by helping to keep prices low and reduce price volatility.
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