Commodities
US Oil Production Hits Another Record, Adding to Supply Worries
- OPEC and allies mulling output revival starting in December
- Imports from Saudi Arabia plummet to lowest since 2021
Much of the growth came from all-time high output in Texas of 5.8 million barrels a day and a fresh record of 2.1 million barrels a day from New Mexico.
Photographer: Anthony Prieto/BloombergThis article is for subscribers only.
US oil production jumped to a fresh monthly record of 13.4 million barrels a day in August, in what is likely to make OPEC’s decision on whether to return supplies to the market more complicated.
Much of the growth came from all-time high output in Texas of 5.8 million barrels a day and a fresh record of 2.1 million barrels a day from New Mexico, which together make up the prolific Permian shale basin, latest monthly data from US Energy Information Administration showed on Thursday.