U.S. oil production nears 12 mln barrels/day, at pre-pandemic high

Written by on October 31, 2022

HOUSTON, Oct 31 (Reuters) - U.S. oil output climbed to nearly 12 million barrels per day (bpd) in August, government figures showed on Monday, the highest since the onset of the COVID-19 pandemic, even as shale companies have said they do not see production accelerating in coming months.

U.S. crude prices have hovered around $85 a barrel after surging . . .

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