(Reuters) U.S. crude oil manufacturing rose in March by more than 3% to the highest since November, according to a month-to-month report from the united states Energy Information Administration.
Oil manufacturing rose to nearly eleven.7 million barrels per day in March from 11.three million bpd the month prior, the report confirmed.
Output is slowly recovering from the impact of the COVID-19 pandemic and remains to be far under its record excessive of 12.three million bpd in 2019.
Production in New Mexico rose to nearly 1.5 million bpd, the best on report. Output in Texas gained to almost 5 million bpd, the highest since December.
ไดอะแฟรม manufacturing in the U.S. Lower 48 states rose 1.7 billion cubic ft per day (bcfd) to 106.four bcfd in March, its highest since December 2021, the EIA mentioned.
In prime gas producing states, month-to-month output rose 2.7% in Texas to 30.3 bcfd and fell 1.3% in Pennsylvania to twenty.5 bcfd.
Demand for U.S. crude and petroleum merchandise rose in March to twenty.5 million bpd, its highest since December, the EIA mentioned.
Demand for motor gasoline rose to eight.9 million bpd, the best since December, the EIA stated