08152018Wed
Last updateTue, 14 Aug 2018 7pm

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End-User News

June Highest Ever for Crude Oil & NGL Production

The American Petroleum Institute (API) released its monthly statistical report for June of 2018 highlighting that U.S. production of crude oil and natural gas liquids (NGLs) hit is highest level ever. In June, production of crude oil hit 10.7 million barrels per day (mb/d) and production of natural gas liquids hit 4.2 mb/d. Domestic refineries ran at their highest percent capacity utilization rate in June (96.6 percent) since 2005. Solid economic and energy market fundamentals also underpinned the strongest U.S. petroleum demand since 2007, at 20.6 mb/d. 

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