25.7 C
Singapore
Thursday, May 1, 2025
spot_img

U.S. oil output slips 0.5% in April to lowest since February -EIA

Must read

U.S. crude oil production slid in April by about 0.5% to its lowest since February, according to a monthly report from the U.S. Energy Information Administration.

Oil production fell to about 11.6 million barrels per day in April from nearly 11.7 million bpd the month prior, the report showed.

Output, which has been recovering from the impact of the coronavirus pandemic, is still far below its record high of 12.3 million bpd in 2019.

Production in North Dakota sank 19.3% to about 900,000 bpd, its lowest since June 2020, the report showed. That was the biggest month-over-month decline since May 2020.

New Mexico output rose 2.7% to 1.5 million bpd, the highest on record. Output in Texas gained 0.7% to 5 million bpd, the highest since April 2020.

Monthly gross natural gas production in the U.S. Lower 48 states rose 1.0 billion cubic feet per day (bcfd) to 107.3 bcfd in April, its highest since December 2021, the EIA said in its monthly 914 production report.

That compares with an all-time high of 108.2 in November 2021.

In top gas producing states, monthly output rose 1.4% to a record 30.8 bcfd in Texas and 0.7% in Pennsylvania to 20.6 bcfd.

Pennsylvania output hit a record 21.9 bcfd in December 2021.

spot_img
- Advertisement -spot_img

More articles

spot_img
spot_img
- Advertisement -spot_img

Latest article