Analysis and Insights on the Latest U.S. Oil Production Numbers for December
Monday, 11 March 2024, 23:30
U.S. December Oil Production Overview
In December, the U.S. oil production figures saw a marginal decline of 4 kb/d to 13,315 kb/d. The changes were driven by contrasting performances in key states, with Texas witnessing a significant drop of 20 kb/d, while New Mexico recorded a notable gain of 23 kb/d.
State-Level Analysis
- Important notes: Texas faced a decline, while New Mexico displayed growth.
The fluctuations in state-level production indicate a nuanced trend in the industry, potentially influencing future market conditions. This data underscores the importance of monitoring regional dynamics to understand the broader industry outlook.
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.