(Reuters) U.S. crude oil production rose in March by more than 3% to the very best since November, based on a month-to-month report from the united states Energy Information Administration.
Oil production rose to nearly 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 record excessive of 12.3 million bpd in 2019.
Greatest in New Mexico rose to virtually 1.5 million bpd, the very best on report. Output in Texas gained to nearly 5 million bpd, the best since December.
Monthly gross pure gasoline manufacturing in the united states Lower 48 states rose 1.7 billion cubic ft per day (bcfd) to 106.four bcfd in March, its highest since December 2021, the EIA stated.
In prime gas producing states, month-to-month output rose 2.7% in Texas to 30.three bcfd and fell 1.3% in Pennsylvania to 20.5 bcfd.
Demand for U.S. crude and petroleum merchandise rose in March to twenty.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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