U.S. crude production continues to rise

U.S. crude production continues to rise

The crude oil output in the United States rose 78,000 barrels a day to 8.428 million barrels last week, the most since 1986, thanks to a burgeoning shale production, the statistical arm of the U.S. Department of Energy said Wednesday.
The Energy Information Administration (EIA) released the latest figures on its official website on Wednesday, saying the country is fast approaching to energy independence.
According to data provided by the federal agency, the country met 87 percent of its energy needs in 2013, and 90 percent in December, the most since March 1985.

#FOLLOW US ON INSTAGRAM