Oil prices heading lower this morning as the US attempts to broker a peace deal between Russia and Ukraine. For more on the impact to oil markets, let's bring in Barclay's oil analyst, Amomar Singh. Omar, appreciate the time this morning.Good to see you. >> My pleasure. Thank you for having me.>> So, so whether it's individual reports today or just the prospect of these talks making progress in Geneva, to what degree is it really weighing on the commodity today. Well, we've seen this volatility caused by ge ...

Core Insights - New Mexico's crude oil production reached a record high of 2.26 million barrels per day in March [1] Industry Summary - The increase in production marks a significant milestone for New Mexico, indicating robust growth in the state's oil sector [1] - This record production level reflects the ongoing expansion and investment in oil extraction technologies and infrastructure within the region [1]

Core Insights - Texas crude oil production increased to 5.71 million barrels per day in March, marking the highest level since November 2024 [1] Industry Summary - The rise in Texas oil production indicates a significant recovery in the state's output, which may impact overall U.S. oil supply dynamics [1]