US Crude Oil Output Rose in July, Petroleum Demand Declined - EIA
US crude oil production increased to 13.95 million barrels per day in July, according to the Energy Information Administration's (EIA) Petroleum Supply Monthly report. Concurrently, demand for crude oil and petroleum products saw a decrease during the same period.
US crude oil output increased in July, while demand for crude oil and petroleum products fell, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly (PSM) report on Wednesday. 95 million barrels per day (bpd) in July, up from 1…