U.S. Crude Oil Production Rose to 10.86 Million bpd in September

Share:

December 1, 2020
Credit: donvictori0/AdobeStock

Credit: donvictori0/AdobeStock

U.S. crude oil production rose 286,000 barrels per day in September to 10.86 million bpd, as production increased in North Dakota and in offshore waters in the U.S. Gulf of Mexico.

Oil production rose 61,000 bpd in North Dakota and 315,000 bpd in the offshore Gulf of Mexico, offsetting cuts in Texas, where output fell 60,000 bpd.

Production rebounded slightly at a time when many analysts had expected it to fall. Still, output remained below the post-pandemic high of 10.97 million bpd, reported in July.

Low demand has weighed on the market during the coronavirus pandemic, even as production has risen from lows seen in the spring.

U.S. gasoline demand was down 6.8%, or 624,000 bpd, from a year earlier at 8.545 million bpd. Demand for diesel and other distillate fuel fell 2.5%, or 97,000 bpd, from a year earlier at 3.818 million bpd.

Monthly gross natural gas production in the U.S. Lower 48 states, meanwhile, slipped 0.9% to 99.9 billion cubic feet per day (bcfd) in September.

That was the first monthly decline in Lower 48 output since May. Current gas output remains well below December 2019's record 107.1-bcfd average due to steep, coronavirus-related declines earlier in the year.

In top gas producing states, output fell 1.9% in Texas to 27.7 bcfd and 4.5% in Pennsylvania 19.4 bcfd in September. 

(Reporting By Jessica Resnick-Ault Editing by Marguerita Cho)

No comments

More Popular Posts

About Crude Oil Facilitators

Crude Oil Facilitators are dedicated global brokers and facilitators of crude oil buying and selling. We work directly with crude oil buyers and crude oil sellers worldwide. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the brokering of crude oil and other petroleum products buying and selling.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact Crude Oil Facilitators, click here ». To learn more about Crude Oil Facilitators, click here


Crude Oil Facilitators