US crude output reached record levels at more than 11 Million Barrels per day.
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After Iran's oil supply crises or simply US Band of Iran's oil export US crude output reached record levels at more than 11 Million Barrels per day.
The record production figure comes amidst President Donald Trump publically calling on OPEC to reduce crude prices. Brent crude prices breached USD 81/barrel last week. Moreover, US exported 7.3 Million Barrels per day of crude in the first half of 2018 which is another record level. This shows that US might not actually have an incentive to push for lower crude prices.
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