U.S. crude oil production averaged 12 million barrels per day (b/d) in the week ended October 21, unchanged from the previous week, the U.S. Energy Information Administration (EIA) said on Wednesday.
The number has increased by 700,000 barrels per day since that time last year, according to the EIA.
More than 80 percent of the growth in U.S. crude production came from the country’s lower 48 states, which doesn’t include production from Alaska and the federal offshore Gulf of Mexico, the report said.
That…
