EIA Reports US Crude Oil Production Fell 2.2% in December to 12.101MBpd

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.

via EIA for Dec 22 2/28/23

Source: EIA

From The TradersCommunity News Desk