Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July, ahead of Russia and Saudi Arabia. According to data from the Joint Organisations Data Initiative (JODI) database, which collects self-reported figures from 114 countries, U.S. crude oil production rose in July back up to above 11 million barrels per day (bpd). At 11.035 million bpd, American crude oil output was 5.7 percent higher than the June production of 10.436 million bpd. Production in June had also increased month over month after the May figure of 10 million bpd—the lowest U.S. monthly production since late 2017. U.S. exports of crude oil also rose in July compared to June. The United States exported 2.867 million bpd in July, up from 2.753 million bpd in June, according to the JODI database. The U.S. […]