BLOOMBERG.COM
U.S. production tumbled 194,000 barrels a day to 8.43 million in the week ended July 1, an Energy Information Administration report showed. Output has slumped 12 percent from the four-decade peak reached in June 2015. The Organization of Petroleum Exporting Countries boosted production 0.7 percent to 32.9 million barrels a day in June, according to Bloomberg estimates.
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U.S. production tumbled 194,000 barrels a day to 8.43 million in the week ended July 1, an Energy Information Administration report showed. Output has slumped 12 percent from the four-decade peak reached in June 2015. The Organization of Petroleum Exporting Countries boosted production 0.7 percent to 32.9 million barrels a day in June, according to Bloomberg estimates.
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