Oil production in the United States reached a record 11 million 475 thousand barrels per day in September, allowing the country to maintain leadership in this indicator in the world for two months in a row. The second place in the ranking was taken by Russia, the third – by Saudi Arabia. According to the Energy Information Administration, in October, the negative impact of hurricanes in the Gulf of Mexico is expected to lower production in the United States to 11,400,000 barrels per day, which will equalize the October level with the figure for Russia. The US Department of Energy raised its forecast for oil production growth in the country up to the current year to 10 million 900 thousand barrels of oil per day.
Oil maintains momentum as virus concerns may lead to deeper output cuts12.02.2020
Oil inches up as NcoV cases decelerate, boosts market sentiment12.02.2020
Dollar retreats from four-month highs as market recovers risk appetite11.02.2020
Oil advances but investors remain cautious over China virus