US Oil Supply - May 2015

Source: OPEC 6/10/2015, Location: North America

US total oil supply grew by 1.63 mb/d to average 12.86 mb/d in 2014, representing a downward revision of 10 tb/d from the previous monthly report. US liquids production was registered at 13.71 mb/d in December, the highest liquids monthly output in 2014, as well as the highest by quarter at 13.49 mb/d in 4Q14. Crude output rose to its highest level in December at 9.228 mb/d. The average output of North Dakota and the Gulf of Mexico reached their highest level in December at 1.227 mb/d and 1.437 mb/d, respectively. On a quarterly basis, US oil supply in 2014 stood at 11.99 mb/d, 12.82 mb/d, 13.14 mb/d and 13.49 mb/d, respectively.


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