(MENAFN) On Wednesday, Jun. 9 U.S. Energy Information Administration (EIA) stated that U.S. crude oil output soared in the week concluding June 4.
U.S. crude oil output hovered around 11 million barrels a day (b/d) in the past week, 200,000 barrels over the prior week and a decrease by 100,000 b/d this time in 2020, said the EIA.
Thanks to its shale oil output expansion, the United States has been a key oil producer in the past years. In the meantime, China keeps being one of the largest oil consumers in the globe.
Chinese crude oil production increased 3.4 percent annually to 16.41 million tonnes during April, showed the most recent release from the Chinese National Bureau of Statistics.
MENAFN10062021000045011361ID1102242177
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.