U.S. crude output rises 2.1% in March to near record high: EIA

U.S. crude oil production rose 241,000 barrels per day (bpd), or 2.1 percent, in March to 11.905 million bpd, just below its record high, the Energy Information Administration (EIA) said in its monthly 914 production report on Friday. That monthly increase in U.S. production from a revised 11.664 million bpd in February followed two months of declines in January and February. U.S. monthly output peaked at 11.966 million bpd in December. Most of the increase came from the federal offshore Gulf of Mexico, which rose 11.1% to 1.907 million bpd, and North Dakota, which gained 3.2% to 1.352 million bpd. Output in Texas, the biggest oil-producing state, meanwhile, eased 0.1 percent to […]

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