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Title : US Producers / Refiners Made History In June, 2018 -- API -- Rigzone; US Petroleum Demand Highest In Eleven Years -- All The Way Back To Bush II -- Making America Great Again
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US Producers / Refiners Made History In June, 2018 -- API -- Rigzone; US Petroleum Demand Highest In Eleven Years -- All The Way Back To Bush II -- Making America Great Again

This should have been posted earlier this week. I kept putting it off. 

From Rigzone:

U.S. production of crude oil and natural gas liquids (NGL) hit unprecedented levels in June 2018.

According to API, crude oil production hit 10.7 million barrels per day (MMbpd) in June and NGL production reached 4.2 MMbpd during the same period.

[The API] noted that domestic oil production has supplied all of the growth in global demand so far in 2018 and has helped to compensate for production losses among some OPEC member nations. [Memo to Art Berman, Jane Nielson.]

API noted that milestones for June included:

• U.S. petroleum demand for the year-to-date was the strongest it’s been in 11 years. -- Making America great again!
  
• refinery throughput in the U.S. hit a new record of 18 MMbpd
• thanks to that record refinery throughput, U.S. crude inventories remained steady and accumulated refinery product stocks “more than offset” the drawdown in crude oil inventories
• “Solid economic and energy market fundamentals” are supporting the 20.6 MMbpd U.S. petroleum demand – the strongest such level since 2007

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