India, June 26 -- The United States crude oil production reached a new all time high of 12. 2 million barrels per day (MMbpd) in May according to the American Petroleum Institute s (API) latest monthly statistical report.The report also revealed that Texas crude oil output exceeded 5 MMbpd last month for the first time. These milestones were achieved despite less drilling activity which is testament to productivity but also pipeline infrastructure expansions that helped enable drilled but uncompleted wells to come to market the API report stated.Last month also saw record U.S. petroleum exports at 8.1 MMbpd and a U.S. crude oil inventory increase of 10.5 percent over May 2018 the report revealed.
Published by HT Digital Content Services wi...