EIA: US Crude Output Dips In April To 10.467 MMbpd
NEW YORK, June 29 (Reuters) - U.S. crude production fell marginally by 2,000 barrels per day (bpd) to 10.467 million bpd in April from the highest on record in March, the Energy Information Administration (EIA) said in a monthly report on Friday.
U.S. monthly crude oil exports jumped to a record 1.76 million bpd in April compared with 1.67 million bpd in March, according to the data. Weekly U.S. crude exports surged to a high of 3 million bpd last week.
Exports of crude oil from the United States have ramped up since Washington lifted a ban late in 2015, with shipments reaching more than 20 countries in April.
Production in Texas, the largest producing state in the United States, rose 30,000 bpd to 4.22 million bpd in April, a record high based on the data going back to 2005. Output in Texas has risen every month consecutively for at least one year on a year-over-year basis, the data showed.
New Mexico production jumped to 649,000 bpd compared with 624,000 bpd in March.
The Permian basin, which stretches across West Texas and eastern New Mexico, is the largest U.S. oilfield.
North Dakota oil output rose 61,000 bpd in April to 1.21 million bpd versus March while output in the federal Gulf of Mexico declined 98,000 bpd to 1.58 million bpd.
The agency also revised March oil production down by 5,000 bpd to 10.469 million bpd.
Crude imports from Iraq surged to 830,000 bpd, the highest since February 2003.
The United States also imported 561,000 bpd from Venezuela, where oil output has declined amid political unrest. That was the highest since July 2017.
Gasoline demand in April was 9.19 million bpd, down about 0.7 percent, or 61,000 bpd, from a year earlier, according to the report. Gasoline exports also dropped to 886,000 bpd in April, the lowest since October, from 951,000 bpd in March.
Demand for distillate fuels, including diesel and heating oil was 4.15 million bpd, up 363,000 bpd from a year earlier. Distillate fuel exports jumped to 1.46 million bpd from 1.15 million bpd in March.
U.S. natural gas production in the lower 48 states rose to 89.09 billion cubic feet per day (bcfd) in April, up from a revised 88.83 bcfd in March, according to the EIA's 914 production report.
Output in Texas, the nation's largest gas producer, increased 1 percent in April to 22.9 bcfd.
12
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- Canacol Makes New Gas Discovery in Colombia's Magdalena Basin
- Brand Finance Ranks Most Valuable, Strongest Oil and Gas Brands
- Egypt Plans to Meet Summer Fuel Needs with LNG Imports
- FortisBC Denies Gas Greenwashing as Suit Awaits
- Credit Agricole Helps NGP Secure Funds for Fishery-Solar Projects in Taiwan
- Oil and Gas Executives Predict WTI Oil Price
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension