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OILK - U.S. May Oil Production Hits New High Again
ProShares K-1 Free Crude Oil Strategy ETF
2025-08-05 06:45:00 ET
A guest post by Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIA's Petroleum Supply monthly PSM which provides updated production information up to May 2025.
U.S. May oil production increased by 24 kb/d to 13,488 kb/d, a new high. The largest increase came from the GOM offset by a large drop in North Dakota. June production is expected to decrease by 120 kb/d to 13,368 kb/d. Could May be the beginning of a six month production plateau before decline sets in? ...
