| US oil production should increase by 490,000 barrels of oil per day this year, according to the Organization of Petroleum Exporting Countries, to reach an average of 10.4 million bpd, Graeber writes.
The Organization of Petroleum Exporting Countries in its report for January said the United States in 2013 may post the highest oil supply increase among non-member states. U.S. oil production should increase by 490,000 barrels of oil per day this year to reach an average of 10.4 million bpd. OPEC said much of the production increase should come from more drilling in the Gulf of Mexico and the oil boom under way in North Dakota...............................................Full Article: Source |