API: U.S. sets oil production and petroleum demand records in February 2019 (includes Q1 Industry Outlook)

WASHINGTON, March 14, 2019 – Today, the American Petroleum Institute’s latest monthly statistical report showed that the U.S set a new record for oil production at 12.1 million barrels a day (mb/d) in February, continuing America’s position as the world’s leading oil producer. The increased production reflects the rise in drilling activity development over the past quarter. In addition, petroleum demand in February was the strongest for that month in more than a decade at 20.4 (mb/d).  

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