AIRLINK 214.00 Increased By ▲ 4.45 (2.12%)
BOP 10.53 Increased By ▲ 0.07 (0.67%)
CNERGY 7.29 Decreased By ▼ -0.06 (-0.82%)
FCCL 34.54 Increased By ▲ 0.15 (0.44%)
FFL 18.45 Increased By ▲ 0.40 (2.22%)
FLYNG 23.26 Increased By ▲ 0.34 (1.48%)
HUBC 131.66 Decreased By ▼ -0.83 (-0.63%)
HUMNL 14.25 Increased By ▲ 0.11 (0.78%)
KEL 5.11 Increased By ▲ 0.08 (1.59%)
KOSM 7.20 Increased By ▲ 0.13 (1.84%)
MLCF 45.20 No Change ▼ 0.00 (0%)
OGDC 220.47 Increased By ▲ 2.09 (0.96%)
PACE 7.69 Increased By ▲ 0.11 (1.45%)
PAEL 42.40 Increased By ▲ 0.70 (1.68%)
PIAHCLA 17.55 Increased By ▲ 0.25 (1.45%)
PIBTL 8.73 Increased By ▲ 0.18 (2.11%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 190.45 Increased By ▲ 1.42 (0.75%)
PRL 42.40 Increased By ▲ 0.07 (0.17%)
PTC 25.70 Increased By ▲ 0.53 (2.11%)
SEARL 104.00 Increased By ▲ 0.04 (0.04%)
SILK 1.04 Increased By ▲ 0.01 (0.97%)
SSGC 41.10 Increased By ▲ 1.86 (4.74%)
SYM 19.32 Increased By ▲ 0.16 (0.84%)
TELE 9.38 Increased By ▲ 0.14 (1.52%)
TPLP 12.95 Decreased By ▼ -0.15 (-1.15%)
TRG 70.25 Increased By ▲ 1.07 (1.55%)
WAVESAPP 10.70 Decreased By ▼ -0.02 (-0.19%)
WTL 1.71 No Change ▼ 0.00 (0%)
YOUW 4.22 Increased By ▲ 0.08 (1.93%)
BR100 12,189 Increased By 109.9 (0.91%)
BR30 36,895 Increased By 292.1 (0.8%)
KSE100 116,942 Increased By 888.9 (0.77%)
KSE30 36,869 Increased By 291.4 (0.8%)

US crude oil production jumped 215,000 barrels per day (bpd) to 10.47 million bpd in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report on Thursday. Production in Texas rose by 4 percent to almost 4.2 million bpd, a record high based on the data going back to 2005. The Permian basin, which stretches across West Texas and eastern New Mexico, is the largest US oilfield.
Output from North Dakota held around 1.2 million bpd, while output in the federal Gulf of Mexico declined 1.1 percent to 1.7 million bpd.
The agency also revised February oil production down by 5,000 bpd to 10.26 million bpd.
US crude oil output rose above 10 million bpd late last year for the first time since the 1970s, overtaking top oil exporter Saudi Arabia, but it still lags behind top producer Russia, which pumps just below 11 million bpd.
US natural gas production in the lower 48 states rose to an all-time high of 88.8 billion cubic feet per day (bcfd) in March, up from the prior record of 87.7 bcfd in February, according to EIA's 914 production report.

Copyright Reuters, 2018

Comments

Comments are closed.