(Reuters) U.S. crude oil production rose in March by more than 3% to the best since November, according to a month-to-month report from the U.S. Energy Information Administration.
Oil production rose to almost 11.7 million barrels per day in March from 11.3 million bpd the month prior, the report confirmed.
Output is slowly recovering from the impact of the COVID-19 pandemic and continues to be far beneath its report excessive of 12.three million bpd in 2019.
Production in New Mexico rose to nearly 1.5 million bpd, the highest on document. Output in Texas gained to nearly 5 million bpd, the best since December.
Monthly gross pure gasoline production in the us 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 said.
In prime fuel producing states, monthly output rose 2.7% in Texas to 30.three bcfd and fell 1.3% in Pennsylvania to twenty.5 bcfd.
pressure gauge ราคา for U.S. crude and petroleum merchandise rose in March to twenty.5 million bpd, its highest since December, the EIA mentioned.
Demand for motor gasoline rose to 8.9 million bpd, the highest since December, the EIA stated
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