EIA: US crude production is largely unchanged from March.
According to Energy 'Information Administration, on Friday, U.S. crude oil production was largely stable in March. It stood at 13.7 million barrels per a day.
The crude production in Texas fell to 5.78 million barrels per day, a four-month record low. Meanwhile, the output in New Mexico, a neighboring state, was stable for the month, at 2.31 millions bpd.
The Permian Basin is located in Texas and New Mexico. It accounts for approximately half of the U.S. crude oil output.
The U.S. oil?production will have increased since March as operators increase output to counter the high oil prices resulting from the Iran War, which erupted at the end February.
U.S. crude futures traded?at about $88 per barrel on Friday.
The U.S. natural gas production in March was 135.52 billion cubic foot per day, an increase from the 134.63 billion cubic feet a day recorded in February, but still down on a record of 136.01 BCFd set in December.
The 'EIA reported that in the top gas producing states, output rose 0.8% in March to a new record of 38.68 billion cubic feet per day in Texas, but declined by 0.5% in Pennsylvania to 21.29 billion cubic feet per day.
This compares to the previous monthly all-time record of 38.66 billion cubic feet per day in December 2025 in Texas, and a monthly high of 21.87 billion cubic feet per day in Pennsylvania in December 2021.
EIA reported that the U.S. crude oil and product supply fell to a low of?20.38 millions bpd. This is its lowest level since November. Demand, however, was up 2.2% over the past year. Reporting by Georgina and Arathy in Houston; Scott DiSavino, in New York. Editing by Joe Bavier.
(source: Reuters)