Latest official US stats show crude and NGLs output rebounding from winter storms to hit 19.80mn b/d for February, up 1.16mn b/d on January and 180,000 b/d off the all-time high of 20.06mn b/d hit in November last year (MEES, 9 February).

The rebound was particularly strong for NGLs, with February’s 6.64mn b/d up 600,000 b/d on January, 200,000 b/d above the provisional February figure, and just 130,000 b/d shy of the all-time high of 6.77mn b/d set last October. (CONTINUED - 402 WORDS)