U.S. crude oil production fell by 122,000 barrels per day in November to 13.314 million bpd, down from a monthly record high of 13.436 million bpd in October, the U.S. Energy Information Administration said in its petroleum supply monthly report on Friday.
Product supplied of crude oil and petroleum, EIA’s way of measuring demand, fell by 775,000 bpd to 20.235 million bpd in November, the lowest since April 2024, the data showed.
That compares with a monthly product supplied of crude oil and petroleum record high of 21.666 million bpd in August 2005.
Product supplied of finished motor gasoline fell by 260,000 bpd to 8.808 million bpd in November, the lowest since February 2024, while product supplied of distillate fuel oil fell by 383,000 bpd to 3.676 million bpd in November, the lowest since June 2024.
(Reporting by Scott DiSavino and Liz Hampton; Editing by Rod Nickel)