The EIA reported that US crude oil production fell 276Kbpd In December to 12.101Mbpd. Production was impacted by extreme winter storms in December. The EIA revised oil production in November up by 2Kbpd to 12.377M Bpd. Texas is the U.S.’s top producer with 42.5% of US crude oil production.
US Crude Oil by State
Texas produces 42.5% of US crude oil, 14.74% comes from offshore in the Gulf of Mexico, 14.6% from New Mexico and 7.8% from North Dakota.
Source: EIA
From The TradersCommunity News Desk