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U.S. Oil Production Is About To Climb By Tsvetana Paraskova - Apr 04, 2021, 2:00 PM CDT Over the past quarter, U.S. oil producers have turned much more optimistic about oil prices and demand and have already increased drilling activity from last year’s trough. Crude oil production has stabilized at around 11.1 million barrels per day (bpd) in December 2020 and January 2021, while current oil prices at over $60 per barrel WTI and rising numbers of oil-directed rigs point to monthly rises in output later this year.   Considering that there is a lag of several months before drilling activity begins to reflect higher oil prices and another six-month lag between drilling activity trends and changes in oil production, the U.S. is about to start seeing increased output as early as this quarter, Reuters columnist John Kemp says.

United statesJohn kempsaysIan nieboerTsvetana paraskovaTerm energy outlookWall streetDallas fedFinancial timesBaker hughes rig countTexas freezeMarch short term energy outlookஒன்றுபட்டது மாநிலங்களில்கால ஆற்றல் ஔட்‌லுக்சுவர் தெருடல்லாஸ் ஊட்டிநிதி முறை