U.S. Crude Oil Production Peaked In February

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The Energy Information Administration reported that February crude oil production averaged 12.833 million barrels per day (mmbd), up,000 b/d from November. Reductions occurred in the Gulf of Mexico (87,000 b/d). Because of the oil price war and demand destruction, the collapse in oil prices likely undercut output in March, making February the peak in U.S. […]

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