The U.S. crude oil production reached a new record of 13.2 million barrels per day in the first week of November. The output from the Permian Basin is set to increase in November and December, marking the region’s longest run of monthly gains in two years. However, the oil output from the Eagle Ford region is expected to decline to its lowest level since February in December. The overall U.S. shale oil output is anticipated to decrease in December, according to the EIA. Additionally, the U.S. plans to purchase 1.2 million barrels of oil for the Strategic Petroleum Reserve.
US plans to buy 1.2 million barrels of oil for Strategic Petroleum Reserve https://t.co/xpJ6cdCFiw https://t.co/K88URbeFZh
US shale oil output expected to fall in December -EIA https://t.co/BszQlamG0K https://t.co/Trkj86EHd1
Oil output from the Permian Basin will expand in November and December, marking the region’s longest run of monthly gains in two years after the government revised its earlier figures. https://t.co/LIhLAkWyO9
Oil output from the Permian Basin will expand in November and December, marking the region’s longest run of monthly gains in two years after the government revised its earlier figures. https://t.co/WrNrjWPgbQ
🔴 EIA: US EAGLE FORD OIL OUTPUT SET TO FALL IN DECEMBER TO ITS LOWEST SINCE FEBRUARY.
🔴 EIA: US PERMIAN OIL OUTPUT DUE TO RISE IN DECEMBER TO ITS HIGHEST ON RECORD.
🔴 US OIL OUTPUT FROM TOP SHALE-PRODUCING REGIONS DUE TO DECLINE MARGINALLY IN DECEMBER FOR SECOND MONTH IN A ROW - EIA.
In the first week of November, U.S. crude oil production hit 13.2 million barrels per day, a new record. https://t.co/CrEHl7sYjp