U.S. Crude Output Rises in March, While Product Supplied Falls

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U.S. crude oil production rose in March to its highest this year, while product supplied fell, data from the Energy Information Administration showed on Friday.

Crude output rose by 0.6% to 13.2 million barrels per day (bpd) in March, the highest since December.

Crude volumes from Texas, the top producing state, edged 0.7% higher to 5.6 million bpd in March, its highest since December.

Output in New Mexico, the second largest producer, grew by 1.6% to 2 million bpd to its highest on record for a second straight month.

Crude production in North Dakota, however, fell by 2.7% to 1.2 million bpd to its lowest since January.

Meanwhile, product supplied, a proxy for demand, fell 0.4% to 19.9 million bpd. Finished motor gasoline supplied rose 3.3% to 8.9 million bpd.

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Gross natural gas production in the U.S. Lower 48 states fell by about 3.0 billion cubic feet per day (bcfd) to 114.7 bcfd in March, down from 117.6 bcfd in February, according to EIA’s monthly 914 production report.

That compares with a monthly record 118.2 bcfd in December.

In top gas-producing states, monthly output in March held steady in Texas at 34.6 bcfd, and fell 9.0% in Pennsylvania to 19.4 bcfd.

That compares with monthly record highs of 35.0 bcfd in Texas in December 2023 and 21.9 bcfd in Pennsylvania in December 2021.

(Reporting by Arathy Somasekhar and Georgina McCartney in Houston and Scott DiSavino in New York; Editing by Marguerita Choy)