New data reports US oil production hitting two-year high in June

Daily average of 11.82 million barrels per day was the highest since April 2020

Production jump: US Gulf of Mexico oil production increased by more than 11% from May to June.
Production jump: US Gulf of Mexico oil production increased by more than 11% from May to June.Photo: W&T OFFSHORE
Published 1 September 2022, 18:30Updated 5 September 2022, 12:19