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Last updateThu, 22 Aug 2019 5pm

End-User News

Increased Pipeline Capacity Leads to Oil Production Record

The American Petroleum Institute released its latest Monthly Statistical Report and API Industry Outlook. U.S. crude oil production reached a new all-time high of 12.2 million barrels per day (mb/d) in May 2019 driven by a combination of productivity gains and new pipeline capacity that enabled previously drilled but uncompleted wells (DUCs) to begin supplying product to the market.

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