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EIA: US Crude Output Dips

EIA: US Crude Output Dips EIA: US Crude Output Dips

US crude production fell marginally by 2,000 barrels per day to 10.46 million bpd in April from the highest on record in March, the Energy Information Administration said in a monthly report on Friday. Its 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 US crude exports surged to a high of 3 million bpd last week, CNBC reported. Oil exports 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 compared to the previous year, data showed. The agency also revised March oil production down by 5,000 bpd to 10.46 million bpd.

 

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