BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)

NEW YORK: US crude oil output in April rose to a fresh monthly record, surpassing 12 million barrels per day, according to a government report on Friday.

The United States produced 12.16 million bpd of crude in the month, up 246,000 bpd from a month earlier, the US Energy Information Administration said in a monthly report.

The use of fracking technology in shale formations has boosted the US to become the world's largest crude producer.

Production in the largest producing state, Texas, was up 11,000 bpd at 4.97 million bpd in the month.

Production in North Dakota and New Mexico declined slightly in the month. Production offshore in the US Gulf of Mexico rose 77,000 bpd to 1.98 million bpd in April.

The agency also increased its estimate for March crude production by 11,000 bpd to 11.92 million bpd.

US gasoline consumption rose for the third consecutive month in April, climbing 182,000 bpd to 9.36 million bpd. Gasoline use remains above year-ago levels, according to the data.

US distillate fuel use, which includes diesel, fell 175,000 bpd to 3.98 million bpd in the month.

Meanwhile, monthly gross natural gas production in the lower 48 US states rose to a fresh record high 100.27 billion cubic feet per day (bcfd) in April from the prior high of 99.46 bcfd in March, according to the EIA's 914 report.

In Texas, the biggest gas producing state, output increased 1.8pc to a record high 26.83 bcfd from 26.35 bcfd in March.

In Pennsylvania, the second-biggest gas-producing state, output eased 0.1pc to 18.79 bcfd from a record high of 18.80 bcfd in March.

Copyright Reuters, 2019

Comments

Comments are closed for this article.