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United States oil output hits regular monthly record high in August, EIA says

U.S. oil production increased 1.5% in August to a regular monthly record high of 13.4 million barrels per day ( bpd), the U.S. Energy Details Administration (EIA) stated in its month-to-month oil and natural gas production report.

That tops the prior record high of 13.31 million bpd in December 2023, the information showed.

In top oil-producing states, output in Texas rose 1.7% in August to a record 5.82 million bpd, while in New Mexico output increased 2.8% to a record 2.09 million bpd.

That compares with previous record highs of 5.76 million bpd in June in Texas and 2.04 million bpd in July in New Mexico.

Gross gas production in the U.S. Lower 48 states, meanwhile, alleviated by about 0.6% in August to 115.9 billion cubic feet each day (bcfd), according to EIA's 914 production report.

That compares with a regular monthly record high of 118.2 bcfd in December 2023.

In top gas-producing states, regular monthly output in Texas increased 1.2% to a record high of 36.1 bcfd in August, however fell 4.4%. to a three-month low of 20.0 bcfd in Pennsylvania.

That compares with previous monthly record highs of 35.6. bcfd in July in Texas and 21.9 bcfd in December 2021 in. Pennsylvania.

(source: Reuters)