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In Seeking Remedies to Oil and Gas Prices, API Experts Connect the Past, Present and Future

After the repeal of the crude oil export ban, the export market increased from 465,000 barrels per day in 10 countries in 2015 to almost 3 million barrels per day to 43 countries in 2019, stated Kevin O’Scannlain, API’s vice president of Upstream Policy.

According to the U.S. Energy Information Administration, domestic production increased by more than 3 million barrels per day – from approximately 9.3 million barrels per day before the ban repeal to about 12.8 million barrels per day at the end of 2019. 

The post In Seeking Remedies to Oil and Gas Prices, API Experts Connect the Past, Present and Future first appeared on BlackPressUSA.

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