Non-Opec-Plus: US Upstream Suffers Inflationary Pressure

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Liquids output by countries not aligned with Opec-plus, not including refining gains, was calculated at 46.56 million barrels per day in January. This turned out to be a more than 500,000 b/d monthly gain after December production was revised downward on fresh data, and 370,000 b/d short of the record high posted in October last year. More impressively, the result was 3.1 million b/d over January 2022. Breaking down that annual increase, 2 million b/d consisted of crude oil and 900,000 of natural gas liquids.

Crude Oil, Oil Supply, Non-Opec Supply
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