U.S. Production Finally Starting To Drop Significantly

Article Abstract:

The EIA’s Petroleum Supply Monthly is just out with production numbers, through August, for each state and offshore territories. The EIA’s Monthly Energy Review is also out. This publication has U.S. production data through September but not for individual states.(Click to enlarge)The Petroleum Supply Monthly June 15 production numbers were revised down considerably this month. And you can see they had a drop of 169,000 bpd in September. I think there will likely be an even larger drop in October. At any rate U.S. production is finally…

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