Date: 2 weeks ago   Category: Energy

Oil production in the USA in February grew by 0.3% — up to 16.38 million barrels a day — Rambler News Service


Oil production in the USA grew in February, 2019 by 0.3% in comparison with an indicator of January — up to 16.38 million barrels a day, follows from the monthly report of the International Energy Agency (IEA). According to data of MEA, in January oil production in the USA made 16.33 million barrels a day. At the same time the agency notes decrease in oil production in Canada in February for 1.5% — to 5.14 million barrels a day against 5.22 million barrels a day in January. MEA estimates oil production at the USA following the results of 2018 at the level of 15.48 million barrels a day, production of Canada — in 5.2 million barrels a day. Following the results of 2019 oil production in the USA, according to MEA assessment, will grow to 16.94 million barrels a day, in Canada — will decrease to 5.18 million barrels a day. Earlier the Minister of Energy of the Russian Federation Alexander Novak noted that increase in demand for oil in the USA advances rates of restoration of extraction of slate oil in this country. According to him, positive effect from the transaction of the countries of OPEC and not - the OPEC on reduction of level of oil production for stabilization of the market is more considerable, than the impact of restoration of slate production.

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