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Global oil production hits a new record, led by US and OPEC
https://abcnews.go.com/amp/Business/wireStory/global-oil-production-hits-record-led-us-opec-57803887?PC=U316The International Energy Agency said Thursday that the global oil supply reached 100 million barrels a day for the first time ever, boosted by rising production in the U.S. and several OPEC nations.
Demand for oil grew more slowly in the second quarter but will continue to rise this year and in 2019, the group said.
Much of the increase in production is coming from OPEC and the United States, according to IEA, which advises oil-consuming nations.
Demand for oil grew more slowly in the second quarter but will continue to rise this year and in 2019, the group said.
Much of the increase in production is coming from OPEC and the United States, according to IEA, which advises oil-consuming nations.
The global EV revolution sure is taking it's sweet-ass time.
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