. . . In June, production of crude oil reached 10.7 million barrels per day (mb/d) and production of natural gas liquids reached 4.2 mb/d.
US oil production has supplied all of the growth in global oil demand so far this year and helped compensate for production losses in some OPEC nations. With continued increases in drilling activity, the US is poised for further production increases in natural gas and oil. . . .
—API Chief Economist Dean Foreman
Other highlights from the June 2018 statistical report include:
US petroleum demand year-to-date at its strongest since 2007: 20.6 mb/d.
Domestic refineries ran at their highest percent capacity utilization rate in June (96.6%) since 2005.
Refinery throughput hit a new record of 18 mb/d.
With the record refinery throughput, US petroleum inventories held steady as an accumulation of refined product stocks more than offset the drawdown in crude oil stocks.