US crude production fell 30,000 barrels per day (bpd) to 10.44 million bpd in May, as production declines in the Gulf of Mexico overshadowed gains in output from major shale basins. Production increased in Texas, New Mexico, North Dakota and Ohio in the month, according to a production report from the Energy Information Administration. Production in North Dakota rose by 25,000 bpd, while Texas saw output climb 20,000 bpd in the month.
Offshore production in the Gulf of Mexico declined 75,000 bpd, or nearly 5 percent in the month, and was down more than 10 percent from a year earlier. As a result, total US crude output fell from a revised 10.47 million bpd in April, according to the report released on Tuesday.
Despite falling on a monthly basis, total US oil production was up 13.3 percent from a year earlier, according to the report. Demand for diesel fuel and other distillates, including jet and heating oil, rose 304,000 bpd or 7.7 percent from a year earlier to 4.3 million bpd in the month, the EIA said. Gasoline demand fell 40,000 bpd or 0.4 percent from a year earlier to 9.6 million bpd, the EIA said. As a result, total oil demand in May was up 318,000 bpd or 1.6 percent at 20.4 million bpd, the agency said.
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