Tag Archives: grew

U.S. production of crude oil grew 5% in 2017, reaching 10 million barrels per day in the last two months of the year (3/14/2018)

Annual average U.S. crude oil production grew by 463,000 barrels per day (b/d) in 2017 to 9.3 million b/d after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production grew 1.2 million b/d year-over-year and reached the highest level of production in U.S. history, surpassing 10 million b/d, a level […]

Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014

April 23, 2015 Source: U.S. Energy Information Administration, based on Lloyd’s List Intelligence, Suez Canal Transit Authority, Eurostat, and Global Trade Atlas, using EIA conversion factors While between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and […]

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