Crude Oil

US Crude Production Surpasses Imports For The First Time In 18 Years

The U.S. Energy Information Administration (EIA) just released its short-term energy outlook for the month of November 2013 and has revealed that U.S. crude oil production has surpassed its net imports for the first time in the past eighteen years.

U.S. crude oil production

U.S. crude oil production stood at 7.74 million barrels per day (bblpd) in the month of October 2013 while the monthly imports averaged 7 . . .

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