The US Energy Information Administration report shows that oil production fell to 11.31 million barrels per day in February from 11.36 million barrels per day in the previous month.
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Energy Administration: US oil production fell in February to its lowest level since September
A monthly report from the US Energy Information Administration said today, Friday, that US oil production fell last February to the lowest level since September 2021.
The report showed that oil production fell to 11.31 million barrels per day in February from 11.36 million barrels per day in the previous month.
Production in Texas fell to 4.83 million barrels per day, the lowest level since July 2021, while production in New Mexico rose to nearly 1.41 million barrels per day, the highest level since November 2021.
The administration said that demand for US crude and petroleum products rose in February to the highest level since December.
It added that demand rose to 20.4 million barrels per day. It said gasoline demand rose to 8.6 million barrels per day, the highest level since December.