After a slight increase earlier in August, the Cushing hub’s stock crude oil dipped again in late August.
The latest report from the U.S. Energy Information Administration showed Cushing held 25,284,000 barrels of crude oil as of August 26.
It was a decline from the 25,807,000 barrels reported as of August 19. Crude stocks in Cushing were down to 23,540,000 barrels in late July.
The EIA also reported Oklahoma’s crude oil production as of June was 12.5 million barrels of oil with a daily average production of 417,000 barrels.
The state’s crude production from January to June was 74,028,000 with a daily average production of 409,000 barrels of oil.
Texas led all states with June production of nearly 149 million barrels of crude oil with a daily average production of 4.9 million barrels.
New Mexico was second with about 46 million barrels of oil in June with a 1.5 million barrel average daily production.
North Dakota’s June production was nearly 33 million barrels of oil and a 1 million barrel average daily production.