- U.S. July production increased by 31 kb/d to 11,307 kb/d from June only because June was revised down from 11,307 kb/d in the August report to 11,276 kb/d in this report.
- From March to July, production increased by 147 kb/d or 36.8 kb/d/mth on average, down from 49 kb/d/mth in the previous report. July production is still lower than May’s output of 11,334 kb/d.
- The September STEO report forecast US July output would be 11,347 kb/d, a reasonable forecast, high by just 40 kb/d. August is forecast to drop due to hurricane Ida.
For further details see:
July U.S. Oil Production Growth Slows