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U.S. Crude Oil Production up Last Week

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS

U.S. crude oil production averaged 12.7 million barrels per day (b/d) during the week ending Aug. 11, up by 100,000 b/d from the previous week, the U.S. Energy Information Administration (EIA) said on Wednesday.

The figure rose by 600,000 b/d from this time last year, according to the EIA.

The United States has become a major oil producer in the past years with the help of its shale oil production growth.