US oil and shale output – Jun 2019

Published at 19:29 30 Aug 2019 by . Last edited 09:48 13 Sep 2019.

US crude production averaged 12.08 mb/d in June, lower m/m by 33 thousand b/d but higher y/y by 1.48 mb/d. The m/m drop, versus our expectation of a 50 thousand b/d m/m uptick, was driven by lower-than-expected production in June from Texas and New Mexico—combined, those states saw output fall m/m b…

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