Oil Price - Texas Oil Output Inches Up In August, Reflects Hesitant Recovery - Global - Dimibo

Oil Price - Texas Oil Output Inches Up In August, Reflects Hesitant Recovery - Global - Dimibo  Crude oil output in Texas averaged 2.4 million barrels per day in August, up by 0.5 percent on the year, according to data from the state’s energy regulator, the Railroad Commission of Texas. The August data are the latest complete set of monthly figures for the largest oil producer in the U.S. Over the last 12 months, total oil production in Texas reached 1 billion barrels, with the state’s Federal Reserve Bank reporting that sentiment in the local energy industry has begun to improve as international prices started to rise. The Texas… - ...Continue reading