Wednesday, 5 June 2013

US oil output tops imports for first time since 1997 according to government data released

US crude production exceeded imports for the first time since early 1997 last week as rising output from shale plays cuts the country’s dependence on foreign oil, according to government data released on Wednesday. Imports of crude dipped to 7.268 million barrels per day (bpd) in the week...US oil output tops imports for first time since 1997 according to government data released

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