CHART OF THE WEEK: The Surprising Drop In U.S. Crude Oil Production

Posted by SRSrocco in Energy, News, Silver Members on August 15, 2020 — 20 comments

U.S. crude oil production experienced a surprising drop last week, even though domestic demand for oil and petroleum products increased.  This came as a surprise to some energy analysts.  Furthermore, the IEA, International Energy Agency came out with a forecast for global oil demand to fall 8.1 million barrels per day in 2020. I have…

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