Baytex Energy Corp T.BTE

EIA Monthly Data Shows A Dip In U.S. Oil Production

[Tommy007]

By Julianne Geiger - Apr 29, 2022, 4:03 PM CDT Updated: Apr 29, 2022, 4:09 PM CDT We only concern most up-to-date info not from last November. Weekly U.S. crude oil production figures by the Energy Information Administration are a closely watched data set, but monthly production figureswhich lag by monthsoften are seen as painting a more accurate picture of true production. And the most recent data shows that U.S. crude oil production is on the decline as of February. According to EIA data, U.S. crude oil production dipped in February to an average of 11.312 million barrels per daya 457,000 bpd decline from November 2021. Januarys average monthly production was also down, to 11.362 million bpd compared to 11.604 million bpd on average in December. In fact, the monthly data shows that production has been declining since November 2021. And data shows that U.S. production is still a far cry from where it was in 2019 prior to the pandemic. more details @ https://oilprice.com/Latest-Energy-News/World-News/EIA-Monthly-Data-Shows-A-Dip-In-US-Oil-Production.html

[navajojoe]

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[BayStreetWolfTO]

Navajoe, you really need to research....I hate to say it but you're starting to look like a fool Yes weekly data is followed (by traders)....however it is an estimate (best they can) Go to the OFFICIAL EIA MONTHLY REPORTS RIGHT ON THEIR WEBSITE THE LINK I GAVE YOU! Educate! https://www.eia.gov/dnav/pet/pet_sum_crdsnd_k_m.htm

[navajojoe]

This post has been removed in accordance with Community Policy

[BayStreetWolfTO]

So does that mean he finally figured out he was wrong? lol Glad to see he finally educated himself...EIA production HAS dropped Nov21 through Feb21 It's like the old saying yell it long enough maybe you believe yourself? Glad he found his way out of the trees. These other Cdn O&G holders....so jaded LOL

[topdown99]

LOL Wolf , when we close in the green , joe will claim his dilligent reseach saved the day . I give up , let the Ostrich run wild because when a tree falls in the woods but nobody heard it , that doesn't mean the tree didn't fall , lmao . I love that "ignore" feature 

[topdown99]

So you are advocating for inaccurate short term data rather than actual data ? If you are so sure that I am wrong , that the "actual" inventory numbers are wrong and that the author of the article is wrong THEN SELL . I don't push misinformation because I don't have to , I have facts and reality on my side . Why you feel you need to spew useless garbage is beyond me , if you

[Maxmoe]

No, let's keep beating that poor old horse. The weekly "data" from eia shows USA production is up more recently. But weekly data are estimates. The monthly, actual statistics, from the same folks at eia, takes months to compile accurately. The most recent actual accurate datapoint is for end of February. And it shows a decline from November. So, you are both right, or, you are both