US oil production reached a record high in April, according to the EIA.

U.S. crude oil production increased to 13.93 million barrels per day in April, reaching the highest level ever recorded, according to monthly data from the Energy Information Administration. This surge was in response to rising oil prices linked to the war in Iran. Production climbed by 216,000 bpd in April, with New Mexico achieving a record output of 2.37 million bpd.

Texas saw its crude production rise by 36,000 bpd to 5.83 million bpd, the highest level since November. Both Texas and New Mexico are part of the Permian Basin, which produces about half of the total U.S. crude oil. Additionally, output from North Dakota, the third-largest oil-producing state, increased to 1.13 million bpd, also the highest since November.

U.S. crude futures were trading at approximately $70 a barrel, having peaked at $119.50 in March.

U.S. gross natural gas production slightly declined to 135.3 billion cubic feet per day in April from 135.4 bcfd in March, and from a record 136 bcfd in December. In leading gas-producing states, Texas' monthly output rose by 0.2% to a record 38.8 bcfd in April, while Pennsylvania's production fell by 1.1% to 21 bcfd.

In comparison, Texas' production reached an all-time high of 38.7 bcfd in March, and Pennsylvania had recorded 21.9 bcfd in December 2021.

Overall, U.S. crude and product supply grew in April to 20.81 million barrels per day, the highest since February, with supplies of finished motor gasoline, reflecting demand, increasing to 9.12 million, the highest in eight months. However, supplied distillate fuel oil dropped to 3.89 million bpd in April, the lowest since December.