U.S. crude oil production for the week ending Feb. 20 held steady amid rig count reductions and planned cuts in upstream spending, federal data show. The U.S. Energy Information Administration in a weekly status update said total oil production for the week ending Feb. 20 was 9.29 million barrels per day, relatively unchanged from the previous week but nearly 15 percent higher than the same week in 2014. Total production in the Lower 48 was 8.78 million bpd, unchanged from the previous week. Production from Alaska increased 1 percent from last week to 501,000 bpd. Total imports of 5.1 million bpd for the week was nearly 6 percent less year-on-year. Canada remains the top crude oil exporter to the U.S. market, sending around 3.1 million bpd across […]