(MENAFN) On Wednesday, Apr. 28 U.S. Energy Information Administration (EIA) reported that U.S. crude oil output dropped in the week concluding April 23.
U.S. crude oil output hovered 10.9 million barrels a day (b/d) in the past week, less by 100,000 barrels from the prior week and a drop by 1.2 million b/d this time in 2020.
Thanks to its shale oil output expansion, the United States has turned into a key oil producer in the past years. In the meantime, China carries on being one of the largest oil consumers in the globe.
The Chinese crude oil production increased 3.3 percent annually, reaching 17.09 million tonnes last month, showed the most recent publication from the Chinese National Bureau of Statistics
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