The US is pumping more oil than ever, and it's complicating things for other crude-exporting countries
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- US crude production hit a new all-time monthly high in August.
- This complicates things for OPEC+, which was planning to start increasing output in December.
- Oil is down 20% from April highs, causing some exporters to be cautious about how much they're pumping.
The US is pumping a record amount of oil. But that may not be welcome news to other crude-producing nations.
Domestic output reached 13.4 million barrels a day in August, eclipsing all previous monthly records.
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