In a notable surge, US crude oil production marked a significant uptick in September, soaring by 1.7% to reach an unprecedented monthly record of 13.24 million barrels per day (BPD). 📈 This seismic increase not only underscores the resilience of the American oil industry but also poses intriguing questions about the global energy landscape.
As we navigate the dynamics of this surge, it becomes evident that this surge is more than just numerical; it's a strategic move in the ongoing battle against the gap that OPEC has strategically created to bolster oil prices. The stakes are high, particularly for the Saudis, who find themselves in a pressing need for elevated oil prices.