US Oil Production Hits Record 21.84M Barrels Per Day in April
Total U.S. production of crude oil and petroleum products rose 254,000 bpd in April to a record 21.84 million bpd. Crude oil alone hit a record 13.93 million bpd.
USOIL
According to data cited by The Kobeissi Letter, total U.S. production of crude oil and petroleum products jumped by +254,000 barrels per day (bpd) in April, reaching an all-time high of 21.84 million bpd.
Year-over-year, total output surged by +1.01 million bpd, or +4.9%. Crude oil production alone climbed +216,000 bpd to a record 13.93 million bpd.
Since the 2008 financial crisis, total U.S. petroleum output has quadrupled, while crude oil production has soared +250%.
Source: The Kobeissi Letter