US crude output hit record high in November
US CRUDE oil production shattered a 47-year output record in November, and then retreated slightly in December, the Energy Information Administration (EIA) said yesterday, as oil production from shale continued to upend global supply patterns.
Oil output rose to 10.057m barrels per day (bpd) in November, according to revised figures from the EIA. December production fell 108,000 bpd to 9.949m bpd, the EIA said.
November's output was the highest on record, surpassing the 10.044m bpd o...