⁍ U.S. oil output fell 3.6% to 10.6 million barrels per day in August.
⁍ offshore Gulf of Mexico production collapsed to a near seven-year low.
⁍ It was the first time overall crude output declined in three months.
– US oil production fell 3.6% in August to 10.6 million barrels per day, Reuters reports. That’s down 14.9% from an average of 12.4 million bpd in the first eight months of the year. Offshore Gulf of Mexico production, meanwhile, fell 27.5% to 1.2 million bpd, its lowest level in a month since October 2013.
Source: https://www.reuters.com/article/us-usa-oil-output/us-oil-output-falls-36-in-august-on-drop-in-gom-production-eia-idUSKBN27F2GD