RSS SubscribeThe US is pumping more oil than ever, and it’s complicating things for other crude-exporting countries
By Filip De Mott – Market Insider
The US is pumping a record amount of oil. But that may not be welcome news to other crude-producing nations.
Domestic output reached 13.4 million barrels a day in August, eclipsing all previous monthly records. According to US Energy Information Administration data, firms in Texas and New Mexico led the surge.
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