According to a Reuters report in New York, the US Energy Information Administration said in a two monthly report released on Friday that US crude oil production increased by 231,000 barrels per day, an increase of 2%, reaching a record of 10.674 million barrels per day in June.
The agency also raised its estimate for May by 1,000 barrels per day to 10.4 million barrels per day.
US crude oil production has been growing and is close to Russia and Saudi Arabia, the two largest oil producers. According to a Reuters survey, Saudi Arabia’s daily production in August was 10.5 million barrels, and Russia’s daily production in July was 11.2 million barrels. It is expected to maintain this level in August.
This increase reflects the increase in production in Texas, where production increased by 165,000 barrels per day to 4.4 million barrels per day, an increase of 3.9%. Production in the Gulf of Mexico also rose, rising by 154,000 barrels per day to 1.7 million barrels per day, an increase of 10.3%.
Exports of crude oil and refined products increased from a month ago. Crude oil exports rose nearly 200,000 barrels per day this month, setting a new record of 2.2 million barrels per day, more than double the amount in June last year.
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