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US rock production could reach a record high of more than 8 million bpd in April
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US oil production could reach record high of more than 8 million barrels per day in April
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US Energy Information Administration predicted that oil production from seven major rock formations in the United States will rise by 85,000 barrels per day in April to a record level exceeding 8 Million barrels per day.
US Energy Information Administration predicted that oil production from seven major rock formations in the United States will rise by 85,000 barrels per day in April to a record level exceeding 8 Million barrels per day.
The administration also expected US natural gas production to rise to a record 79 billion cubic feet per day (bpd) in April, an increase of 900 million cubic feet per day above March's forecasts, which would be the 15th consecutive monthly increase.
It is worth noting that if oil production rises from the main rock formations, according to the Energy Information Administration, it will be the lowest monthly increase since May 2018 when the production boosted by about 26 thousand barrels per day.
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