*Latest official US output figures for September show crude, gas and NGLs all at record levels, whilst more recent provisional figures indicate further rises.

*For September, crude output of 13.236mn b/d was the second straight record, up over 220,000 b/d on August’s 13.012mn b/d which in turn was the first time output had topped end-2019 levels (MEES, 20 October). The EIA’s latest Short Term Energy Outlook(STEO), released 12 December, pencils in further gains to 13.26mn b/d and 13.27mn b/d for October and November. (CONTINUED - 249 WORDS)