US Oil Output Returns to Pre-Freeze Levels: EIA

摘要

Oil production in the US bounced back to its pre-winter storm levels during the first week of March, according to estimates from the US Energy Information Administration (EIA), with higher oil prices expected to promote gradual growth through the rest of the year. The agency’s Weekly Petroleum Status Report, published Wednesday, showed that US crude output jumped by roughly 900,000 barrels per day in the week ended Mar. 5 to return to 10.9 million b/d.