American exploration and production (E&P) companies raised oil output modestly last week as overall petroleum demand recovered some ground after multiple declines earlier in the fall, the U.S. Energy Information Administration (EIA) said Wednesday.

U.S. oil production last week increased by 100,000 b/d to 12.0 million b/d, EIA said in its latest Weekly Petroleum Status Report.

Output for the week ended Oct. 14 was up by 700,000 b/d from a year earlier, but it was below the 2022 high of 12.2 million b/d and far off the record level of 13.1 million b/d reached in March 2020, just prior to the pandemic’s onset.

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