VOL. XXXVI
NO. 42
19-JULY-1993
OIL SUPPLY
US Crude Oil Production Lowest In 35 Years, Says API
US crude oil production during the first half of 1993 was 6.883mn b/d,compared to 7.287mn b/d during the same period last year, or a decline of 5.5%,according to figures released on 14 July by the American Petroleum Institute inits Monthly Statistical Report. The report noted that this was the lowest levelof production in 35 years, adding that "the disturbing...drop of roughly400,000 b/d was...
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