U.S. Oil Output Tops 12M Barrels a Day for First Time

Last Friday, a federal report showed that U.S. crude oil production soared to new heights in April, hitting 12.16 million barrels a day. Booming shale production has allowed U.S. oil output to overtake that of Saudi Arabia and Russia, thereby helping to stabilize energy costs for manufacturers and other businesses. Overall, Ohio is currently the 13th leading state for crude oil production, and the fifth largest producer of natural gas. 7/1/2019