EIA: US Crude Output Falls In April From Record High

U.S. crude production fell marginally by 2,000 barrels per day (bbl/d) to 10.467 million bbl/d in April from the highest on record in March, the Energy Information Administration (EIA) said in a monthly report on June 29.

U.S. monthly crude oil exports jumped to a record 1.76 million bbl/d in April compared with 1.67 million bbl/d in March, according to the data. Weekly U.S. crude exports surged to a high of 3 million bbl/d last week.

Exports of crude oil from the U.S. have ramped up since Washington lifted a ban late in 2015, with shipments reaching more than 20 countries in April.