SOURCE: Industrial Info Resources

Industrial Info Resources

November 18, 2013 06:30 ET

U.S. Crude Oil Production Exceeds Imports in October 2013, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 18, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- U.S. crude oil production averaged 7.74 million barrels per day (BBL/d) in October, slightly more than imports, marking the first time in more than 18 years that domestic production exceeded imports on a monthly basis, according to the "Short-Term Energy Outlook" (STEO) released this week by the U.S. Energy Information Administration (EIA) (Washington, D.C.). Crude oil imports averaged 7.57 million BBL/d for October, the EIA said. Prior to October, the last month that domestic crude oil production exceeded imports was February 1995, the agency added.

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