U.S. OIL PRODUCTION DOWN 8%
According to EIA, US crude oil production during April amounted to 8.933 million b/d, a decline of 2.5% from the March average and 7.9% from the April 2015 average.
Reflecting the drop, oil output in Texas during April was down 1.4% month-over-month and 10% year-over-year to 3.23 million b/d. North Dakota recorded production of 1.04 million b/d, down 6% month-over-month and 10.6% year-over-year.
Output from the federal US Gulf of Mexico fell 3% month-over-month in April to 1.589 million b/d, still 3.5% higher than its year-ago average.
US natural gas production during April was 89.54 bcfd, a loss of 1.7% compared with the March level and 1.8% compared with the April 2015 level.
Texas's gas production averaged 22.663 bcfd, a monthly increase of 0.2% but still down 6.4% year-over-year. Pennsylvania's output fell 1.9% month-over-month but was up 10.7% year-over-year, averaging 14.307 bcfd.