US Crude Oil Output Rose in July; Petroleum Demand Declined
US crude oil production increased in July, according to the Energy Information Administration (EIA) in its Petroleum Supply Monthly report. Concurrently, demand for crude oil and petroleum products saw a decrease.
By Scott DiSavinoUS crude oil output rose in July, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly report on Wednesday.