U.S. crude and petroleum products demand rises in November -EIA

Economy 1 hour ago (Jan 31, 2023 01:07PM ET)

© Reuters. FILE PHOTO: A pump jack stands idle in Dewitt County, Texas January 13, 2016. Picture taken on January 13, 2016. REUTERS/Anna Driver

NEW YORK (Reuters) -Demand for U.S. crude and petroleum products rose 178,000 barrels per day (bpd) in November to 20.59 million bpd, the highest since August, the U.S. Energy Information Administration (EIA) said Tuesday in its Petroleum Supply Monthly (PSM) report.

Demand for finished motor gasoline, rose 21,000 bpd to 8.85 million bpd in November, also its highest since November, EIA said.

Monthly crude oil field production fell in November to 12.38 million bpd, down from a 31-month high of 12.41 million bpd in October, EIA said.

Among top oil producing states, monthly output in Texas sank 0.4% to 5.21 million bpd in November, its lowest since August.

The previous month, Texas production was 5.2 million bpd, its strongest since March 2020.

In North Dakota, oil output dipped 0.4% to 1.1 million bpd in November, also sinking to its lowest since August.

In New Mexico, output eased to 1.723 million bpd in November from the record high of 1.724 million bpd in October.

Gross natural gas production in the U.S. Lower 48 states rose 0.2 billion cubic feet per day (bcfd) to a record 112.2 bcfd in November, according to EIA's monthly 914 production report.

That topped the prior all-time high of 112.0 bcfd in October.

In top gas producing states, monthly output in November fell 0.3% to 31.8 bcfd in Texas and fell 0.6% to 20.2 bcfd in Pennsylvania.

Gas output hit a record of 31.9 bcfd in Texas in October and 21.8 bcfd in Pennsylvania in December 2021.