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

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Hira Shahnawaz Akhtar
Published on
Updated on

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 7.57 million bblpd during the same period. “Monthly estimated domestic crude oil production exceeded crude oil imports in October for the first time since February 1995, while total petroleum net imports were the…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.