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U.S. crude oil production rose in March by more than 3% to the highest since November, according to a monthly report from the U.S. Energy Information Administration (EIA) on May 31.
Oil production rose to nearly 11.7 million bbl/d in March from 11.3 million bpd the month prior, the report showed.
Output is slowly recovering from the impact of the coronavirus pandemic and is still far below its record high of 12.3 million bbl/d in 2019.
Production in New Mexico rose to almost 1.5 million bbl/d, the highest on record. Output in Texas gained to nearly 5 million bbl/d, the highest since December.
Monthly gross natural gas production in the U.S. Lower 48 states rose 1.7 Bcf/d to 106.4 Bcf/d in March, its highest since December 2021, the EIA said.
In top gas producing states, monthly output rose 2.7% in Texas to 30.3 Bcf/d and fell 1.3% in Pennsylvania to 20.5 Bcf/d.
Demand for U.S. crude and petroleum products rose in March to 20.5 million bbl/d, its highest since December, the EIA said.
Demand for motor gasoline rose to 8.9 million bbl/d, the highest since December, the EIA said.
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