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home / news releases / OLEM - U.S. July Oil Production Continues To Rise

OLEM - U.S. July Oil Production Continues To Rise

Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221
  • July's US production continued to rebound from May's low by adding 538 kb/d to June's output.
  • The US rig count stabilized in September at the 180 level and ended up by increasing to 183 rigs in the week of September 25.
  • According to the September Drilling Productivity Report, LTO oil and conventional oil output bottomed in May 2020 at 6,977 kb/d.
  • World oil production decreased in June by 1,401 kb/d to 70,129 kb/d. OPEC?s production decreased by 1,965 to 24.186 kb/d in June.

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U.S. July Oil Production Continues To Rise
Stock Information
Company Name: Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221
Stock Symbol: OLEM
Market: NYSE
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