Data for week ending Mar. 3, 2023 Release Date: Mar. 8, 2023
Crude Oil Production Re-benchmarking Notice: When we release the Short-Term Energy Outlook (STEO) each month, the weekly estimates of domestic crude oil production are reviewed to identify any differences between recent trends in survey-based domestic production reported in the Petroleum Supply Monthly (PSM) and other current data. If we find a large difference between the two series, we may re-benchmark the weekly production estimate on weeks when we release STEO. This week’s domestic crude oil production estimate incorporates a re-benchmarking that lowered estimated volumes by 51,000 barrels per day, which is about 0.4% of this week’s estimated production total.
Leave a Reply
You must be logged in to post a comment.