U.S. crude oil production increases last week: EIA

0 Comment(s)Print E-mail Xinhua, November 26, 2020
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HOUSTON, Nov. 25 (Xinhua) -- U.S. crude oil production increased during the week ending Nov, 20, the U.S. Energy Information Administration (EIA) said Wednesday.

According to the EIA, U.S. crude oil production averaged 11.0 million barrels per day (b/d) last week, 100,000 barrels more than the previous week and down by 1.9 million b/d from this time last year.

The United States has become a major oil producer in the past years with the help of its shale oil production growth. Meanwhile, China continues to be one of the world's biggest oil consumers.

According to the latest release from the Chinese National Bureau of Statistics, China's crude oil output edged up 1.4 percent year on year to 16.41 million tonnes in October, retreating from an increase of 2.4 percent registered in September. Enditem

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