And if that is true, it will be the lowest monthly increase since May 2018, when production boosted by only 25 thousand and 900 barrels per day.
The largest monthly change is expected to be in the Permian Basin in the states of Texas and New Mexico, where production is expected to increase 40 thousand barrels per day to 4.18 million barrels per day in April. Nissan.
Production growth in the Permian Basin slowed with the drop in oil prices in the last quarter of last year and many shale oil companies cut spending under pressure from investors, who called for a focus on development Profits instead of increasing production.
The Energy Information Administration said last week that the United States is still the largest oil producer in the world, surpassing Saudi Arabia and Russia, and that it will lead the growth of global crude supplies over the years. The next five, adding another four million bpd to its already booming production.
The US production of natural gas is expected to increase to a record level of 79 billion cubic feet per day in April. This means an increase of about 0.9 billion cubic feet per day above the forecast for March and will be the fifteenth monthly increase in a row.
Production was 66.3 billion cubic feet per day in April last year.
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