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IPFS News Link • Oil

US Crude Production Keeps Hitting New Records and Texas is Over 5 Million Barrels Per Day

• arclein

In its second quarter industry outlook report, released on the same day as the latest monthly statistical report, the API said the United States is poised for a continuation of record oil production. This report also highlighted that while U.S. crude oil export capacity has been "sufficient", some capacity estimates suggest "some urgency to plan forward".