Roan Resources Inc. (ROAN)

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US Crude Production Falls under 9 million Barrels a day. U.S. crude production fell under the 9 million barrel a day threshold last week for the first time since late 2014 — a welcome development for oil producers heading to Doha this weekend.

Output should continue dropping as the U.S. industry faces tighter financing and continued oversupply.

Production has been eroding since peaking last April near 9.7 million barrels a day, according to the U.S. Energy Information Administration data. Last week's output of 8,977,000 barrels a day is the lowest since October 2014, a month before OPEC stunned the energy world with a new market-based policy that sent prices crashing.

The goal of the Organization of the Petroleum Exporting Countries at the time was clearly to slow the output of high-cost producers — such as the upstart U.S. shale industry. Source CNBC 4 hours ago.