OPEC

US Oil Output Hits Record 13mn B/D, But Is This The Peak?

>  The latest US data is inconclusive as to whether the country’s oil output has peaked following a 60% fall off in active drilling rigs since last October.

>  For April, the last month for which the US government’s Energy Information Administration (EIA) has supplied complete data, US crude production was 9.70mn b/d, a record. Petroleum liquids output, including a record 3.31mn b/d of NGLs, was...