U.S. Oil Output at 55-Year Low

October 13, 2004

U.S. crude oil output in September fell to the lowest monthly level in more than 55 years because of Hurricane Ivan and interruptions for maintenance in Alaska, the American Petroleum Institute said. The United States pumped 4.85 million barrels a day last month, down 830,000 barrels, or 15 percent, from a year earlier. Crude oil inventories fell 8.7 million barrels, to 273.1 million last month, leaving supplies 3.1 percent lower than in August.


Tags: Fossil Fuels, Oil

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