EIA: US overall crude oil production up 0.7% to 12.99M BPD in July. Highest since Nov 2019

<p>The EIA is reporting that:</p><ul><li>U.S. overall crude production grew by 0.7% to 12.99 million barrels per day in July, the highest level since November 2019.</li><li>Texas experienced a 1.3% increase in crude production, reaching 5.63 million barrels per day in July, setting a new record.</li><li>New Mexico's crude production rose by 0.6% to 1.78 million barrels per day in July, the highest since May.</li><li>North Dakota's crude production increased by 1.2% to 1.17 million barrels per day in July, marking the highest level since December 2020.</li></ul><p>The data is for July, but as Russia and OPEC throttle production, the US – despite lower Baker Hughes data – is growing. </p>

This article was written by Greg Michalowski at www.forexlive.com.