Weekly U.S. crude oil production figures by the Energy Information Administration are a closely watched data set, but monthly production figures—which lag by months—often are seen as painting a more accurate picture of true production. And the most recent data shows that U.S. crude oil production is on the decline as of February.
According to EIA data, U.S. crude oil production dipped in February to an average of 11.312 million barrels per day—a 457,000 bpd decline from November 2021. January’s average monthly production…EIA Monthly Data Shows A Dip In U.S. Oil Production
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