U.S. crude oil production, topped 10.057 million barrels per day (bpd) in November 2017, shattering a 47-years old record. U.S. crude oil production, led by record output in Texas and North Dakota, shattered a 47-years old record in November 2017, easing off only slightly in December, according to a report by the Energy Information Administration (EIA) in the U.S. Department of Energy.The reason for the record-breaking performance at the end of last year was due to oil production from shale, which continues to boost global supplies. According to EIA, U.S. oil producers pumped 10.057 million barrels per day (bpd) in November 2017. Production fell by to 9.949 million bpd in December 2017. November’s figure passed the previous record of 10.044 million barrels produced daily set in in November 1970. Because of the shale boom the past several years, the United States has surpassed Saudi Arabia as a top oil […]