(Reuters) U.S. crude oil production rose in March by more than 3% to the best since November, based on a monthly report from the us Energy Information Administration.
Oil production rose to almost eleven.7 million barrels per day in March from eleven.three million bpd the month prior, the report confirmed.
Output is slowly recovering from the influence of the COVID-19 pandemic and is still far beneath its report high of 12.3 million bpd in 2019.
Production in New Mexico rose to virtually 1.5 million bpd, the very best on record. Output in Texas gained to simply about 5 million bpd, the very best since December.
pressure gauge 4 นิ้ว in the U.S. Lower 48 states rose 1.7 billion cubic feet per day (bcfd) to 106.four bcfd in March, its highest since December 2021, the EIA mentioned.
In prime gas producing states, month-to-month output rose 2.7% in Texas to 30.3 bcfd and fell 1.3% in Pennsylvania to twenty.5 bcfd.
Demand for U.S. crude and petroleum merchandise rose in March to 20.5 million bpd, its highest since December, the EIA stated.
Demand for motor gasoline rose to eight.9 million bpd, the very best since December, the EIA stated
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