Even as sanctions mount against energy-rich Russia amid its war in Ukraine — intensifying concerns about global crude supplies — U.S. oil output is holding steady, the Energy Information Administration (EIA) said Wednesday.

Production for the week ended March 4 held at 11.6 million b/d, EIA’s latest Weekly Petroleum Status Report showed. It hovered at that level throughout February as well, signaling that producers were in no hurry to ramp up activity to capitalize on lofty prices.

At the same time, demand increased, fueled by an accelerating U.S. economy and greater consumption of travel fuels derived from oil.

Total petroleum demand climbed 2% week/week and held well above year-earlier levels.

Demand over the last four-week period averaged 21.6 million b/d, up 12% from...