Post Tagged with: "US crude production"
U.S. crude dips below $20 as lockdowns wipe out demand
LONDON – Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could …
U.S. oil output soars to record 12.4 million bpd in August: EIA
Source: Reuters
NEW YORK (Reuters) – U.S. crude production soared nearly 600,000 barrels per day in August to record of 12.4 million, buoyed by a 30% increase in Gulf of Mexico output, according to government data released on Thursday.
The …
