The EIA estimated a record high crude production of 13.1 mbd in mid-March, reinforcing United States' position as the world’s largest oil producer. Since a plunge in demand for crude triggered by the pandemic pushed output down to 10.5 mbd by the week ending on June 12.
Production rose during the week ending on June 19, rising by 500,000 barrels to 11 mbd.
That output level remained in the latest week to June 26, EIA data showed, as US crude prices traded at around $40 per barrel, or nearly four times higher than the late April lows.
Industry analysts have, however, said they expect more uncertainty in crude production and prices going forth due to an increase in novel coronavirus infections in the United States in recent weeks.