are we in bearish territory??
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.
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.
