U.S. oil output rises 3% in March to highest since November

( Giveaway ) U.S. crude oil manufacturing rose in March by greater 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 impression of the COVID-19 pandemic and is still far below its record excessive of 12.3 million bpd in 2019.
Production in New Mexico rose to virtually 1.5 million bpd, the highest on record. Output in Texas gained to almost 5 million bpd, the highest since December.
Monthly gross natural gasoline production in the united states Lower forty eight 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 high gasoline producing states, monthly 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 said.
Demand for motor gasoline rose to 8.9 million bpd, the very best since December, the EIA mentioned
Share

Leave a Comment