Friday, June 9, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Market

U.S. Oil Production Fell To 11 Million Bpd In December

1 year ago
in Market
U.S. Oil Production Fell To 11 Million Bpd In December
Share on FacebookShare on Twitter


U.S. Oil Production Fell To 11 Million Bpd In December | OilPrice.com




















Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

By Julianne Geiger – Feb 27, 2021, 6:00 PM CST

U.S. crude oil production fell in December to an average 11.063 million barrels per day, according to the Energy Information Administration’s latest monthly report.

U.S. crude oil production fell an average of 58,000 barrels per day, the EIA said on Friday.

U.S. production from the most prolific PADD, PADD 3, stayed the same for the month of December at 7.611 million barrels per day. This includes production from Texas and federal offshore PADD 3 production, as well as New Mexico, Louisiana, Mississippi, Arkansas, and Alabama.

The second most prolific crude oil PADD, PADD 2, fell from 1.828 million bpd in November to 1.782 million bpd in December. This includes producers such as North Dakota and Oklahoma.

But the production losses likely did not stop in December.

While December is the last full month for which there is actual data, the EIA estimates weekly crude oil production as well, and those estimates are below the 11.063 million bpd the United States saw in December.

For perspective on how sharp of a drop that is, average production in December 2019 was over 12.8 million barrels per day, according to EIA data.

For January, the EIA estimated that some weeks dipped as low as 10.9 million bpd. And the EIA’s most recent production estimates for week ending February 19 pegs total U.S. crude production at an average of just 9.7 million bpd.

This dramatic drop in crude oil production in the previous week is likely courtesy of the Texas Freeze, when refinery and crude oil production had to be curtailed due to freezing temperatures that cut power to millions of residents in the state.

The EIA estimates that U.S. crude production will not exceed the levels seen in 2020 until 2022.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today


Back to homepage




Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Related posts

  • 80% of investors end up losing money…
  • Learn how to navigate energy markets. Learn how energy insiders think.
  • Receive our cutting-edge 3-part investor education series for FREE
  • PLUS, get our Weekly Intelligence Report to stay one step ahead of the markets…

Latest Oil News

UK set to introduce floor for oil and gas windfall tax

UK set to introduce floor for oil and gas windfall tax

June 9, 2023
Canadian refiner Irving Oil explores options including sale

Canadian refiner Irving Oil explores options including sale

June 8, 2023
UK watchdog bans Shell, Repsol and Petronas greenwashing ads

UK watchdog bans Shell, Repsol and Petronas greenwashing ads

June 7, 2023
Opec+ is not on board with Saudi’s ‘whatever it takes’ message

Opec+ is not on board with Saudi’s ‘whatever it takes’ message

June 6, 2023



Published at Sun, 28 Feb 2021 00:00:00 +0000-U.S. Oil Production Fell To 11 Million Bpd In December

Previous Post

Have Oil Traders Abandoned Fundamentals?

Next Post

LNG tanker near Russia’s Baltic territory draws scrutiny amid Ukraine crisis

Related Posts

UK set to introduce floor for oil and gas windfall tax

UK set to introduce floor for oil and gas windfall tax

by Oil Market News
June 9, 2023
0

Britain’s windfall tax on oil and gas producers is set to be scaled back as part of efforts to boost...

Canadian refiner Irving Oil explores options including sale

Canadian refiner Irving Oil explores options including sale

by Oil Market News
June 8, 2023
0

Irving Oil, the owner of Canada’s largest petroleum refinery, has launched a strategic review of the private company that could...

UK watchdog bans Shell, Repsol and Petronas greenwashing ads

UK watchdog bans Shell, Repsol and Petronas greenwashing ads

by Oil Market News
June 7, 2023
0

The UK’s advertising watchdog has banned a group of big oil and gas company advertisements for being misleading as part...

Opec+ is not on board with Saudi’s ‘whatever it takes’ message

Opec+ is not on board with Saudi’s ‘whatever it takes’ message

by Oil Market News
June 6, 2023
0

Saudi Arabia’s energy minister Prince Abdulaziz bin Salman has claimed to be inspired by former Federal Reserve chair Alan Greenspan,...

Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day

Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day

by Oil Market News
June 5, 2023
0

Saudi Arabia will cut oil production by 1mn barrels a day in a bid to prop up oil prices, it...

Opec bans prominent media groups from Vienna meeting

Opec bans prominent media groups from Vienna meeting

by Oil Market News
June 4, 2023
0

Opec has barred several media groups from attending its crucial production meeting in Vienna this weekend, in a move officials...

Next Post
LNG tanker near Russia’s Baltic territory draws scrutiny amid Ukraine crisis

LNG tanker near Russia’s Baltic territory draws scrutiny amid Ukraine crisis

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Oil falls by nearly 2% as recession fears outweigh tight supply prospects

Oil falls by nearly 2% as recession fears outweigh tight supply prospects

8 months ago
Petrol and diesel prices remained unchanged for seventh day

Petrol and diesel prices remained unchanged for seventh day

1 year ago
Canadian Overseas Petroleum Ltd says new Biden executive order will have “largely

Canadian Overseas Petroleum Ltd says new Biden executive order will have “largely

1 year ago
Fractured: Harmful chemicals and unknowns haunt Pennsylvanians surrounded by fracking

Fractured: Harmful chemicals and unknowns haunt Pennsylvanians surrounded by fracking

1 year ago
House Democrats abruptly cancel Big Oil hearing where Elon Musk was scheduled to

House Democrats abruptly cancel Big Oil hearing where Elon Musk was scheduled to

6 months ago
ADVERTISEMENT
UK set to introduce floor for oil and gas windfall tax

UK set to introduce floor for oil and gas windfall tax

June 9, 2023

Canadian refiner Irving Oil explores options including sale

June 8, 2023

UK watchdog bans Shell, Repsol and Petronas greenwashing ads

June 7, 2023

Opec+ is not on board with Saudi’s ‘whatever it takes’ message

June 6, 2023

Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day

June 5, 2023

Opec bans prominent media groups from Vienna meeting

June 4, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

UK set to introduce floor for oil and gas windfall tax

UK set to introduce floor for oil and gas windfall tax

June 9, 2023
Canadian refiner Irving Oil explores options including sale

Canadian refiner Irving Oil explores options including sale

June 8, 2023
UK watchdog bans Shell, Repsol and Petronas greenwashing ads

UK watchdog bans Shell, Repsol and Petronas greenwashing ads

June 7, 2023
Opec+ is not on board with Saudi’s ‘whatever it takes’ message

Opec+ is not on board with Saudi’s ‘whatever it takes’ message

June 6, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.