What’s the State of the Oil Business today?

PetroPulse Report

What’s the State of the Oil Business today?

Preliminary data from the U.S. Energy Information Administration showed Oil companies pumped an average of 13.4 million barrels a day from U.S. oil fields during the week ended Aug. 2, surpassing the previous record of 13.3 million the industry has hit several times this year. U.S. oil production began a long climb upward starting in 2008, setting an annual record peak in 2023 that is likely to be broken this year.

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