U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly report from the U.S. Energy Information Administration (EIA) on Aug. 31.
Oil production rose to about 11.8 million bbl/d in June from about 11.6 million bbl/d the month prior, the report showed. Producers cut back drastically on output in 2020 after pandemic lockdowns slashed demand, and companies have been gradually boosting production.
Production in North Dakota rose 3.4% to about 1.1 million bbl/d in June, highest since March, the report showed.
New Mexico output rose 2% to 1.5 million bbl/d in June, highest on record. Output in Texas fell 0.1% to just under 5 million bbl/d in June, lowest since February.
Monthly gross natural gas production in the U.S. Lower 48 states rose to a record 109.3 Bcf/d in June, the EIA said in the monthly report.
In top gas producing states, monthly output rose 0.4% to a record 31.1 Bcf/d in Texas, and fell 0.5% in Pennsylvania to about 20.6 Bcf/d.
Demand for U.S. crude and petroleum products rose in June to about 20.8 million bpd, the highest since August 2019, according to the EIA.
Demand for motor gasoline rose to 9.1 million bbl/d, the highest since August 2021, the EIA said.
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