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YGRN - U.S. Oil Output Continues Its Steady Decline
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
By Ovi
All of the oil (C + C) production data for the US states comes from the EIA?s Petroleum Supply Monthly ((PSM)). At the end, an analysis of three different EIA monthly reports is provided. The charts below are updated to March 2020 for the 10 largest US oil producing states, (Production > or close to 100 kb/d).
The June 1 update shows the continuous slow decline in oil output from US oil fields from November 2019 to March 2020. March output was 12,716 kb/d, down by 28 kb/d from February's 12,744 kb/d. Also