However, the increase in production is the slowest rate of growth since July, with signs of growth in shale oil production slowing.
According to the Energy Information Administration’s monthly petroleum supplies report, demand for crude and petroleum products in the United States fell by 55,000 barrels per day in October to 20.42 million barrels per day, its lowest level since July.
But demand on benzene It rose 13,000 bpd to 8.83 million bpd in October, the administration said.
Stocks were oil US crude and distillate output rose, while gasoline stocks fell, according to a statement by the US Energy Information Administration, Thursday.
Oil inventories rose by 718,000 barrels in the week ending December 23 to 419 million barrels, while analysts polled by Archyde.com expected a decline of 1.5 million barrels.
Crude inventories at the delivery center in Cushing, Oklahoma, fell by 195,000 barrels last week, according to the Energy Information Administration.
“>
And she said US Energy Information AdministrationOn Friday, US crude production increased by 0.6 percent to 12.38 million barrels per day in October, its highest level since March 2020.
However, the increase in production is the slowest rate of growth since July, with signs of growth in shale oil production slowing.
According to the Energy Information Administration’s monthly petroleum supplies report, demand for crude and petroleum products in the United States fell by 55,000 barrels per day in October to 20.42 million barrels per day, its lowest level since July.
But demand on benzene It rose 13,000 bpd to 8.83 million bpd in October, the administration said.
Stocks were oil US crude and distillate output rose, while gasoline stocks fell, according to a statement by the US Energy Information Administration, Thursday.
Oil inventories rose by 718,000 barrels in the week ending December 23 to 419 million barrels, while analysts polled by Archyde.com expected a decline of 1.5 million barrels.
Crude inventories at the delivery center in Cushing, Oklahoma, fell by 195,000 barrels last week, according to the Energy Information Administration.