US Crude Oil Production Jumps To New Record In August

U.S. crude oil production surged by 416,000 barrels per day (bbl/d) to a record 11.346 million bbl/d in August the U.S. Energy Information Administration (EIA) said in a monthly report on Oct. 31.

The rise came as production climbed in Texas and North Dakota to fresh peaks of 4.58 million bbl/d and 1.28 million bbl/d respectively, the data showed.

The agency revised its July production figure slightly lower to 10.93 million bbl/d.