RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-10-21 13:30:00

U.S. OIL PRODUCTION 12.4 MBD

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.

Highlights from the September 2019 MSR include:

  • U.S. petroleum demand of 20.8 mb/d was highest on record for month of September;
  • Gasoline prices in September decreased seasonally despite an increase in crude oil prices;
  • Total inventories increased year-on-year for the 11th consecutive month; and,
  • Increased exports and decreased imports drove U.S. petroleum net imports to 0.8 mb/d, which appeared to position the U.S. as an exporter of total energy.

"While we await confirmation from the U.S. Energy Information Administration, data in this month's report appear to indicate that the U.S. may have resumed its status as a net exporter of total energy for the first time in more than half a century," said API Chief Economist Dean Foreman. "Considering the geopolitical and trade headwinds that have rippled through global oil markets in recent weeks, it is remarkable that U.S. production was able to simultaneously satisfy a domestic demand record, feed the growth in international exports, and also place downward pressure on motor fuel prices."

-----


Earlier:

U.S. OIL PRODUCTION 12.4 MBD
2019, October, 16, 12:30:00
U.S. PRODUCTION: OIL + 58 TBD, GAS + 319 MCFD
Crude oil production from the major US onshore regions is forecast to increase 58,000 b/d month-over-month in October from 8,913 to 8,971 thousand barrels/day, gas production to increase 319 million cubic feet/day from 83,693 to 84,012 million cubic feet/day .
U.S. OIL PRODUCTION 12.4 MBD
2019, October, 11, 12:00:00
U.S., TURKEY SANCTIONS
The proposed legislation would also impose sanctions on any military transactions with Turkey, set sanctions on anyone who supports Turkey’s domestic energy industry for use by its armed forces, prohibit the sale of U.S. defense articles to the Turkey armed forces and define Turkey’s purchase of Russia’s S-400 missile defense system as “significant” and subject to sanctions.
All Publications »
Tags: USA, OIL, GAS, PRODUCTION