U.S. OIL PRODUCTION KEEPS ON SLIDING

U.S. crude and condensate production dipped to less than 6.9 million b/d in first half 1993, the lowest volume in 35 years. The American Petroleum Institute said the larger than anticipated drop of about 400,000 b/d, or 5.5%, surpassed the trend of the past 7 years. U.S. demand for petroleum products rose 1.5% for the first 6 months to an average 176.145 million b/d, forcing imports of crude and petroleum products to their highest level since 1990. Imports were 8.272 million b/d, up 9.2% from

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