Breitling Oil and Gas Texas and California Morning Podcast #374

US crude oil production reached a 25-year high for August of nearly 7.6 million b/d

The number of oil and gas rigs in the US in August, was 1,780 up 14 from the previous month.

In August saw a continuation of trends that have been building for quite some time and The incredible rise in American energy production, helped in part by softening demand, has allowed the US to dramatically increase energy exports and reduce its energy imports.

Demand for gasoline was up 0.5% from the previous month to 9.1 million b/d, marking a high point for the year but the third-lowest August level in 13 years.

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