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Posted October 16, 2019 Today in Energy

U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020 ›

U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) averaged 1.8 million barrels per day (b/d) in 2018, setting a new annual record. The U.S. Energy Information Administration (EIA) expects oil production in the GOM to set new production records in 2019 and in 2020, even after accounting for shut-ins related to Hurricane Barry in July 2019 and including forecasted adjustments for hurricane-related shut-ins for the remainder of 2019 and for 2020. More

monthly crude oil production from U.S. Federal Gulf of Mexico

Source: EIA, Short-Term Energy Outlook

Data Highlights

WTI crude oil futures price

10/15/2019: $52.81/barrel

up$0.18 from week earlier
down$18.97 from year earlier

Natural gas futures price

10/15/2019: $2.339/MMBtu

up$0.051 from week earlier
down$0.903 from year earlier

Retail gasoline price

10/14/2019: $2.629/gal

down$0.016 from week earlier
down$0.250 from year earlier

Retail diesel price

10/14/2019: $3.051/gal

up$0.004 from week earlier
down$0.343 from year earlier

Weekly coal production

10/5/2019: 13.156 million tons

down0.420 million tons from week earlier
down2.042 million tons from year earlier