Tag: crude prices

U.S. Oil Output Hits 13.6M Barrels, Prices to Drop

Record Oil Production Sets New Benchmark The U.S. Energy Information Administration (EIA) reported record-breaking oil output for July, reaching 13.6 million barrels per day.That figure tops the previous month’s total of 13.5 million barrels per day and marks a major milestone for the country’s energy sector. The EIA’s latest Short-Term Energy Outlook also predicted sustained …

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