The EIA revised crude oil production higher in April using monthly data at 12.615m b/d, and NGLs at 6.373m b/d. Total US oil liquids jumped to a fresh all-time high of 18.988m b/d (vs an estimate of 18.138m b/d based on weekly data). Texas is the U.S.’s top producer with 42.79% of US crude oil production.
American total oil production surged to a fresh all-time high in April, includes crude oil, condensates and natural gas liquids.
US Crude Oil by State
Texas produces 42.79% of US crude oil, 14.72% from New Mexico, 13.74% comes from offshore in the Gulf of Mexico, and 8.7% from North Dakota.
From The TradersCommunity News Desk