EIA: U.S. oil production reaches 7 MMbpd
WASHINGTON D.C. -- U.S. monthly oil production has topped 7 MMbpd for the first time in 20 years. The U.S. Energy Information Administration’s new Petroleum Supply Monthly report, released on Wednesday, revised up U.S. crude oil production for November 2012 from 6.893 MMbpd to 7.013 MMbpd, marking the first time any U.S. monthly oil output was above 7 MMbpd since December 1992.
Crude oil production for December 2012 was even higher at 7.030 MMbpd. For all of 2012, U.S. yearly oil production averaged 6.474 MMbpd, the highest yearly output level since 1995, according to the report.
The full report can be read at: http://www.eia.gov/petroleum/supply/monthly/. For all of 2012, U.S. yearly oil production averaged 6.474 MMbpd, the highest yearly output level since 1995, according to the report .For historical EIA data on monthly and yearly U.S. oil production, go to: http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_a.htm (in the Period-Unit box select the time period you want in thousand barrels per day).