US crude output reaches record 13.93 million bpd as strategic reserves fall to lowest since 1983
US crude oil production reached a record 13.934 million barrels a day (bpd) in April, according to the Energy Information Administration’s latest Petroleum Supply Monthly report. Output increased by 216,000 bpd from the revised March level of 13.718 million bpd, representing a 468,000 bpd gain over the previous year. The department of energy’s monthly supply report provides the most comprehensive assessment of domestic oil stocks and production.
The monthly surge was primarily driven by production in the Gulf of Mexico, which added 119,000 bpd, followed by increases in New Mexico and Texas. While domestic output climbed, the data highlighted a tightening in buffer stocks, with strategic petroleum reserves falling to their lowest point since 1983. The contrasting trends underscore a market operating near capacity as supply ramps up and inventory drawdowns persist.
From the sources (3 posts)
@tomklozaRecord US output of crude displayed in this morning's Petroleum Supply Monthly from EIA. Thanks mostly to a 129,000 b/d rise in Gulf of Mexico production, total US output hit 13.934-million b/d; up 216k on the month and 468k year-over-year.
@staunovoUS crude production was at 13.934mbpd in April vs 13.718mbpd in March (revised from 13.696) m/m changes in kbpd US +216 Gulf of America/Mexico +119 New Mexico +65 Texas +36 North Dakota +8 Ohio +6 Oklahoma -12 EIA #oott
@kalshiJUST IN: US strategic oil reserves fall to "lowest" level since 1983