U.S. OIL PRODUCTION UP 1.14 MBD
EIA - US oil production averaged 9.964 million b/d in January, up nearly 1.14 million b/d compared with January 2017, but about 102,000 b/d below November's record domestic output.
US oil output averaged 10.066 million b/d in November, breaking the previous average monthly production record of 10.044 million b/d set in November 1970.
US crude output in January was up about 6,000 b/d compared with December.
Fueled by the Permian Basin, Texas oil production led the way with nearly 3.89 million b/d in January, down 56,000 b/d from December, but up 687,000 b/d compared with January 2017.
Output in Gulf of Mexico federal waters averaged 1.624 million b/d in January, which was up 79,000 b/d from December, but down 108,000 b/d from January 2017.
North Dakota oil production averaged 1.156 million b/d in January, up 2,000 b/d from December and up 181,000 b/d from January 2017.
Output in New Mexico, which is now the third-highest oil producing state due to Permian growth, averaged 540,000 b/d in January, down 17,000 b/d from December, but up 124,000 b/d from January 2017.
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Earlier:
2018, March, 30, 11:00:00
U.S. RIGS DOWN 2 TO 993BAKER HUGHES A GE - U.S. Rig Count is down 2 rigs from last week to 993, with oil rigs down 7 to 797, gas rigs up 4 to 194 and miscellaneous rigs up 1 to 2. Canada Rig Count is down 27 rigs from last week to 134, with oil rigs down 22 to 71 and gas rigs down 5 to 63.
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2018, March, 16, 10:20:00
U.S. OIL PRODUCTION UP 5%EIA - Annual average U.S. crude oil production grew by 463,000 barrels per day (b/d) in 2017 to 9.3 million b/d after declining by 551,000 b/d in 2016.
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2018, March, 16, 10:15:00
U.S. PETROLEUM DEMAND: 20.3 MBDAPI - Led by gasoline and seasonal demand for heating fuels, U.S. petroleum demand hit 20.3 million barrels per day (MBD) in February. Demand was up by more than a million barrels per day from February of last year, nearing record highs not seen for more than a decade.
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2018, March, 14, 11:00:00
U.S. OIL + 131 TBD, GAS + 969 TBDEIA - Crude oil production from the major US onshore regions is forecast to increase 131,000 b/d month-over-month in April from 6,823 to 6,954 thousand barrels/day , gas production to increase 969 million cubic feet/day from 65,150 to 66,119 million cubic feet/day .
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2018, March, 9, 13:35:00
U.S. OIL EXPORTS - 2017: 1.1 MBDEIA - Exports grew to 1.1 million barrels per day (b/d) in 2017, or 527,000 b/d (89%) more than exports in 2016, in the second full year of unrestricted U.S. crude oil exports. This is the largest single year-over-year increase of a petroleum (crude oil and petroleum products) export since 1920.
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2018, February, 27, 13:55:00
U.S. OIL PRIODUCTION UP TO 10.2 MBDAPI - U.S. crude production rose to 10.2 million barrels per day (MBD) in January – the highest monthly output on record, according to API’s monthly statistical report. This was an increase of 1.1 percent versus December and 15.1 percent from January 2017.
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2018, February, 12, 07:25:00
U.S. SALES 100 MBPLATTS - Congress early Friday approved a two-year budget agreement which mandates the sale of 100 million barrels of crude oil from the Strategic Petroleum Reserve within a decade and authorizes sales of another $350 million of government-owned crude this fiscal year. |