US crude production

OPEC+ is facing a ‘very delicate, fragile balancing act’ in the oil market, strategist says

August 3, 2020

CNBC OPEC and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, a strategist told CNBC this week as the oil-producing group starts to roll back supply cuts. The alliance’s historic production cuts of 9.7 million barrels per day expired on July 31 this year. From August, the cuts will be tapered to 7.7 million bpd.

U.S. crude dips below $20 as lockdowns wipe out demand

March 30, 2020

Reuters 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 decline further. Brent crude, the international benchmark for oil prices, was down $1.98, or 7.9%, at $22.95 by 1337 GMT,

U.S. oil output soars to record 12.4 million bpd in August: EIA

October 31, 2019

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 U.S. has become the world’s largest oil producer with output surging to records above 12 million bpd this year as

OPEC+ is facing a ‘very delicate, fragile balancing act’ in the oil market, strategist says

U.S. crude dips below $20 as lockdowns wipe out demand

U.S. oil output soars to record 12.4 million bpd in August: EIA

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