Rising China oil production means that the US , China and US all pump around 11 million barrels per day (bpd), collectively providing a third of global oil demand, according to Reuters data. The bigger-than-expected US figure helped stabilise the price of oil after the US - China trade war put pressure on demand and US stockpiles fell a greater than expected around 11 million barrels last week .
Rising US oil production means that the US, Russia and Saudi Arabia all pump around 11 million barrels per day (bpd), collectively providing a third of global oil demand, according to EIA data. The bigger-than-expected US figure helped stabilise the price of oil after the US-China trade war put pressure on demand and US stockpiles fell a greater than expected 5.8 million barrels last week.