January’s US Oil Production Drops Big

Ovi 129 Comments

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 January 2025.

U.S. January oil production decreased by 305 kb/d to 13,146 kb/d, 158 kb/d lower than December 2023. The largest decreases came from Texas and New Mexico. December production was revised down from last month’s 13,491 kb/d to 13,451 kb/d a decrease of 40 kb/d. Production in February is expected to increase by 392 kb/d.

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Short Term Energy Outlook, March 2025

D C 66 Comments

The EIA Short Term Energy Outlook (STEO) was published recently. An estimate for World C+C output from 2015 to 2026, with forecast values for 2024 to 2026 based on the recent STEO n chart below. A slightly different methodology was used this month by looking at World C+C minus US C+C from the EIA’s International Energy Statistics and World crude minus US Crude as reported in the STEO to find World minus US condensate output. The trend for the condensate data from 2018 to 2023 was used to project condensate from 2024 to 2026 for World minus US and then the forecast for US C+C was added to the World minus US crude forecast along with the condensate forecast to arrive at World C+C.

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