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The leading crude oil-producing areas in the United States in 2023 were Texas, followed by the offshore federal zone of the Gulf of Mexico, North Dakota and New Mexico. [2] The United States became the largest producer of crude oil of any nation in history in 2023. [3] Natural gas production reached record highs. [4]
The U.S. has been producing 13.2 million barrels of crude oil per day, according to the Energy Information Administration. That's higher than the record of 13 million set under President Donald ...
Last month, weekly US oil production hit 13.2 million barrels per day, according to the US Energy Information Administration. That’s just above the Donald Trump-era record of 13.1 million set in ...
Oil prices slid on Tuesday after President Donald Trump signed executive orders aimed at unleashing US production and hinted at tariffs against trading partners Canada and Mexico, sparking fears ...
The United States was for decades, through 2008, the world's largest net importer of refined petroleum products. But the situation quickly changed in 2008 as American refineries became much more cost-competitive due to large increases in US production of oil, natural gas, and natural gas liquids. The US became a net exporter of refined ...
Despite some fluctuations due to new deep-water discoveries and technological advancements, offshore production continues to play a crucial role in the U.S. energy landscape. [1] In 2023, federal offshore tracts produced approximately 15% of the oil and 2% of the natural gas in the United States.
Oil production cuts by Russia and the Organization of the Petroleum Exporting Countries (OPEC) have helped push Brent crude prices up some 10% over the past month to roughly $93 per barrel.
United States oil product imports by country. The US bans energy imports from countries such as Russia (because of the Russo-Ukrainian War) [79] and Venezuela. [80] The US also limits exports of oil from Iran. [81] Although it is a net exporter, the US imports energy from multiple countries, led by Canada.