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1 day ago · A quarterly breakdown included in the October STEO projected that U.S. crude oil production will average 13.45 million barrels per day in the fourth quarter of this year, 13.46 million barrels per ...
Mar 11, 2024 · The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019.
Oct 8, 2024 · (Bloomberg) -- The US expects crude production to grow by just 320,000 barrels a day next year, much slower than previously estimated. While output is still poised to reach a record of 13.54 million barrels a day, the annual rate of growth is now projected at 2.4% versus 3.2%, the Energy Information Administration said in its Short-Term Energy Outlook Tuesday.
Jun 1, 2018 · This records an increase from the previous number of 11,910.573 Barrel/Day th for Dec 2022. US Crude Oil: Production data is updated yearly, averaging 8,135.663 Barrel/Day th from Dec 1960 to 2023, with 64 observations. The data reached an all-time high of 12,927.088 Barrel/Day th in 2023 and a record low of 4,999.727 Barrel/Day th in 2008.
Jan 9, 2024 · The EIA pushed up its outlook for 2024 US oil production by 100,000 b/d to 13.21 million b/d and expects production growth to continue in 2025 with US output averaging 13.44 million b/d that year. US crude oil production set a record in 2023 and the current forecasts for 2024 and 2025 production would set records as well, according to the STEO.
- Kate Winston
Oct 3, 2024 · Petroleum products. U.S. crude oil production We reduced our 2025 forecast for U.S. Lower 48 states (L48) crude oil production in the October STEO from last month by 1% to 11.3 million b/d. This reduction reflects a downward revision to our West Texas Intermediate (WTI) crude oil price forecast. We now expect WTI will average $72/b in 4Q24 ...
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Jan 9, 2024 · Average US oil production will amount to 13.2mn barrels per day this year, rising to 13.4mn b/d next year, according to an energy outlook released on Tuesday by the Energy Information ...
