U.S. November Oil Production Drops to Year Ago Level

By Ovi

All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to November 2024.

U.S. November oil production decreased by 122 kb/d to 13,314 kb/d, only 6 kb/d higher than December 2024. The largest decreases came from Texas, 70 kb/d, New Mexico 38 kb/d and the GOM 108 kb/d.

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Short Term Energy Outlook, December 2024

The EIA STEO was published recently, the estimate for World C+C output from September 2024 to December 2025 in the chart below is based on crude oil estimates in the STEO for World minus US C+C output and the trend in the ratio of the STEO crude estimates and C+C estimates from the EIA’s International Energy Statistics for World minus US C+C output for the most recent 48 months (September 2020 to August 2024).

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