US Oil Production Hit Record High in Oct, EIA Says

U.S. oil production hit a record high in October, according to the Energy Information Administration on Wednesday.

Output rose by 31,000 barrels per day to 13.87 million bpd.

Oil output in New Mexico, the second-largest oil-producing state, rose 31,000 bpd to hit a record 2.38 million bpd, while output from the federal offshore gulf region rose by 46,000 bpd to 2 million bpd in October, the highest since August 2019.29dk2902l

Texas oil production meanwhile fell 45,000 bpd to 5.8 million bpd.

(Reporting by Georgina McCartney and Arathy Somasekhar in Houston; Editing by Chris Reese)

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