U.S. Crude-Oil Production Set to Surpass Imports in 2013, an Industrial Info News Alert

(firmenpresse) - DENVER, CO -- (Marketwired) -- 04/22/13 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- U.S. domestic production of crude oil is expected to exceed imports sometime this year as surging production from domestic shale formations continues to displace imported crude, speakers said at an conference earlier this month in Denver. This trend began in 2008, when U.S. crude oil production bottomed at about 5 million barrels per day (BBL/d). It increased to about 6.5 million BBL/d in 2012, and is projected to reach between 9 million and 11 million BBL/d in 2020, speakers told about 250 attendees at the 7th Annual Platts Rockies Oil & Gas Conference. Domestic production is expected to exceed imports sometime this year, speakers said.
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Datum: 22.04.2013 - 10:15 Uhr
Sprache: Deutsch
News-ID 251162
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DENVER, CO
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Oil & Gas
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