VOL. XXXV

NO. 19

10-FEBRUARY-1992

General

Significant Drop in US Oil Production at the End of 1991, Says API

US crude oil production in 1991 averaged 7.4mn b/d, or 0.1% higher than inthe previous year. However, production began to decline significantly towardsthe end of the year after reaching high levels during the Gulf crisis in late1990 and early 1991, according to the 15 January issue of the American PetroleumInstitute's Monthly Statistical Report. The report states that "thesubstantial, and...