December 4, 2023 [Reuters]- U.S. crude production in September rose to a new monthly record of 13.24 million barrels per day, helped by a large increase in North Dakota, home to the Bakken shale, Energy Information Administration data showed on Thursday.
Crude output in the Bakken shale has ramped up more than expected this year, said Francisco Blanch, Head of Global Commodities & Derivatives Research for BofA.
In Texas, crude production fell by 0.1% to 5.57 million bpd, the lowest since July and the first time production in the state has fallen since April, the EIA said. Output in New Mexico rose by 1.1% to 1.82 million bpd, the highest since April.
That was the first monthly decline since June.
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