U.S. OIL DECREASE

EIA estimates U.S. crude oil production in June 2015 at 9.3 million barrels per day (b/d), a decrease of approximately 100,000 b/d from the revised May 2015 figure. Production estimates released in the PSM for January through May were revised downward by 40,000 b/d to 130,000 b/d. The largest revisions in volume include decreases of oil production in Texas (ranging from about 100,000 b/d to 150,000 b/d) and increases in the federal Gulf of Mexico (ranging from about 10,000 b/d to 50,000 b/d). U.S. crude oil production for the first six months of 2015 averaged 9.4 million b/d.

eia.gov

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OIL PRICES & INVENTORIES 

GLOBAL OIL BALANCE 2015 - 16 

OIL PRICES 2015 - 16 

USA OIL 2015 - 16 

USA OIL DOWN $15 BLN 

USA OIL DOWN 93,000 

1Q2015 WORLD OIL & GAS KEY POINTS