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Tue, 2021-10-19 13:57
RIYADH: The Permian Basin of West Texas and New Mexico is increasing its oil output to an average 4.826 million barrels a day in October, Bloomberg reported citing a US government report on Monday.
The output in the most prolific shale patch in America is near to its pre-pandemic levels of 4.913 million bpd recorded in March 2020.
Production rose as benchmark US crude prices, which is at seven year high, underpinned by a severe supply deficit.
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Permian Basin
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