U.S. Oil Production Surges in April: Key Insights and Trends

Thursday, 4 July 2024, 12:50
In April, U.S. oil production witnessed a significant rise, reaching 13,248 kb/d with prominent shifts in different regions. Texas saw a substantial increase of 53 kb/d, contrasting with a decline of 24 kb/d in New Mexico. This surge in production highlights key trends and market movements, indicating potential implications for investors and market participants.
Seeking Alpha
U.S. Oil Production Surges in April: Key Insights and Trends

Key Insights:

U.S. April oil production recorded a notable increase to 13,248 kb/d.

Regional Variances:

  • Texas: Witnessed a significant boost of 53 kb/d.
  • New Mexico: Experienced a decline of 24 kb/d.

The latest data unveils important shifts in oil production across different states, signaling potential repercussions for the energy sector.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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