国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

U.S. monthly crude oil production sets new record

Source: Xinhua| 2018-11-02 03:23:06|Editor: Mu Xuequan
Video PlayerClose

HOUSTON, Nov. 1 (Xinhua) -- U.S. monthly crude oil production exceeded 11 million barrels per day (b/d) in August 2018, making the country the leading crude oil producer in the world, the U.S. Energy Information Administration (EIA) said on Thursday.

According to EIA's latest Petroleum Supply Monthly, U.S. crude oil production reached 11.3 million b/d in August 2018, up from 10.9 million b/d in July. This is the first time that monthly U.S. production levels surpassed 11 million b/d.

Monthly crude oil production in several U.S. states reached a record high. Texas had the highest record level at 4.6 million b/d, followed by North Dakota at 1.3 million b/d. New Mexico, Oklahoma, Colorado, and West Virginia also had record-high production levels.

The Permian region, which is located in western Texas and eastern New Mexico, accounts for about 63 percent of total Texas crude oil production and 95 percent of total New Mexico crude oil production.

From January 2018 to August 2018, Texas crude oil production increased by 683,000 b/d, or 15 percent, and New Mexico production increased by 182,000 b/d, or 25 percent.

The growth in Texas and New Mexico has surpassed EIA's previous expectations, which assumed that pipeline capacity constraints in the Permian region would dampen the production growth. However, industry efficiencies in pipeline utilization and increased trucking and rail transport in the region have allowed crude oil production to continue accelerating at a higher rate than EIA expected.

U.S. crude oil production has increased significantly during the past 10 years, driven mainly by production from tight oil formations using horizontal drilling and hydraulic fracturing. EIA estimates of crude oil production from tight formations in August 2018 reached 6.2 million b/d, or 55 percent of the national total.

WTI-Cushing spot prices averaged about 68 dollars per barrel in August, down from the July average of 71 dollars per barrel. EIA's Short-Term Energy Outlook forecasts the average spot price for WTI to remain near that level in the fourth quarter of 2018.

The higher crude oil prices at the end of 2018 and throughout 2019 will likely support increased U.S. crude oil production. EIA forecasts that U.S. crude oil production will increase by 1.0 million b/d in 2019.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091375753221
主站蜘蛛池模板: 新营市| 万山特区| 通城县| 平阴县| 延川县| 白沙| 鸡东县| 秦安县| 棋牌| 宁南县| 临武县| 大冶市| 上蔡县| 油尖旺区| 台安县| 嘉祥县| 林甸县| 洪雅县| 台前县| 资中县| 大理市| 墨玉县| 蒙阴县| 弥渡县| 仁布县| 肥西县| 交城县| 衡水市| 呈贡县| 开阳县| 老河口市| 耒阳市| 遂溪县| 江安县| 尤溪县| 巴塘县| 海盐县| 泾阳县| 澳门| 南阳市| 咸宁市|