VOL.XXXVI
NO.16
18-JANUARY-1993
SUPPLY/DEMAND
US Oil Production Declines and Demand Rises in 1992, Says API
US crude oil production in 1992 averaged 7.1mn b/d, or 3.8% lower than in theprevious year, while domestic oil deliveries totaled 17mn b/d, an increase of1.6% over 1991, according to the 13 January issue of the American PetroleumInstitute's Monthly Statistical Report. The API said that domestic crude oilproduction was 285,000 b/d less than in 1991, and was down by more than 20%compared with...
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