US Oil Output Slips in May to Lowest since February: EIA

New Mexico output fell 0.7% to 1.5 million bbl/d in May, lowest since March. Output in Texas fell 1% to 5 million bbl/d in May, lowest since February.

Stephanie Kelly and Scott DiSavino, Reuters

U.S. crude oil production slid in May by about 0.5% to its lowest since February, according to a monthly report from the U.S. Energy Information Administration (EIA) on July 29.

Oil production fell to nearly 11.6 million bbl/d in May from 11.65 million bbl/d the month prior, the report showed.

Output, which has been recovering from the impact of the coronavirus pandemic, remains far below its record high of 12.3 million bbl/d in 2019.

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