Sentences with phrase «crude oil production reached»
In November 2017, monthly U.S. crude oil production reached 10.07 million b / d, the highest monthly level of crude oil production in U.S. history.
https://www.eia.gov/
The gift that is American energy is seen in some key numbers: domestic crude oil production reaching more than 9 million barrels per day last month, the highest level in more than two decades, according to the U.S. Energy Information Administration (EIA); total U.S. net imports of energy as a share of energy consumption falling to their lowest level in nearly 30 years during the first six months of this year; gasoline prices dropping to an average of $ 2.47 per gallon last week, their lowest point since May 2009, according to the Lundberg Survey Inc..
Not exact matches
The U.S. Energy Department's inventory release showed that crude stockpiles recorded a big weekly build as domestic oil production reached another all - time high.Middle East...
Given their historical optimism, it was notable that in their World Energy Outlook of 2010 the International Energy Agency stated that the most likely scenario is that conventional crude oil production «never regains its all - time peak of 70 million barrels per day reached in 2006.»
The Nymex crude oil market shot sharply higher and gained 10 % in value in one day Wednesday, following an OPEC meeting that saw a crude oil - production - cut agreement reached.
The reality of reaching peak global production of cheap, conventional light, sweet crude oil supplies will continue to force strong upper pressure on the cost of crude oil, gasoline, diesel and airplane liquid fuels.
Given their historical optimism, it was notable that in their World Energy Outlook of 2010 the International Energy Agency stated that the most likely scenario is that conventional crude oil production «never regains its all - time peak of 70 million barrels per day reached in 2006.»
«Production of both crude oil and natural gas liquids last month remained at the highest levels in decades even as rig counts reached a five - year low,» John Felmy, chief economist at the API in Washington, said in an e-mailed statement.