US oil production at highest level in four decades
In April the US oil production passed 11 million barrels per day, thus reaching the highest levels in more than 40 years. 20 million barrels per day is no longer impossible, says economist.
BY TOMAS KRISTIANSEN
The US oil production has been decreasing for around four decades, but in light of the growth seen in the last five years the American oil producers are now producing more oil than they have in the past 44 years, according to the Financial Times.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.