Average daily crude oil production slipped during the month of January for the first time in nearly six months, according to the Energy Information Administration’s latest report published on Friday . January oil production for the United States averaged 11.871 million bpd for January—down from 11.961 million bpd in the month prior. The last decrease in oil production came in May 2018, when production fell to 10.464 million bpd from 10.475 million bpd in April 2018. The decrease was seen in almost all PADDs across the board including in PADD 2, PADD 3, PADD 4, and PADD 5. Some of the largest production declines were seen in Texas, Colorado, and California. Not many states increased oil production in January, with just Pennsylvania, North Dakota, and Alaska North Slope gaining that distinction. The most vital industry information will soon be right at your fingertips Join the world’s largest community dedicated […]