There has been a dearth of oil production data lately so I have been scratching to find something to post. So I have gathered this and that in hopes of making it interesting.
US stocks had the first uptick in nine weeks, gaining 990 kb. (See the slight uptick in the blue line.) But they still stand at their lowest point in 21 months.
Incidentally the EIA’s Weekly Petroleum Status Report had US crude oil production down last week. Their estimate of production went from 8,159 kb/d to 8,052 kb/d. That was the first decline in nine weeks. Of course that is really just a guess by the EIA.
Based on the weekly US production data I have charted US production through Januay 2014. The data through November 2013 is from the EIA’s Monthly Energy Review. The data for December and January is from the Weekly Petroleum Status Report, link above. That data is through January 17th. I have estimated the rest of the month.