US oil production hits new record
Reuters:
U.S. crude oil output hits 11 million barrels per day for first time everRussia had just increased its production to replace oil from Iran and Venezuela.
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The gains represent a rapid increase in output, as the data, if confirmed by monthly figures, puts the United States as the second largest producer of crude oil, just behind Russia, which was producing 11.2 million bpd in early July, according to sources.
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