US Crude Oil Production and Demand Reach New Heights in June

US crude oil production reached a new high in June, increasing to 13.79 million barrels per day, up from 13.76 million barrels per day in May, according to the Energy Information Administration's Petroleum Supply Monthly report.

This growth was accompanied by an increase in demand for crude oil and petroleum products, which rose to 20.74 million barrels per day in June, surpassing the 20.07 million barrels per day recorded in May.

The monthly record for demand stands at 21.67 million barrels per day, set in August 2005.

Texas gas output also reached a new high in June, increasing by 1.3% to 39.2 billion cubic feet per day, while Pennsylvania gas production declined by 1.0% to 21.1 billion cubic feet per day.