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(The Center Square) – The U.S. oil industry broke another production record this year, averaging 13.4 million barrels per day (b/d) of crude oil in August, according to a new U.S. Energy ...
U.S. net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said on Tuesday, pointing to higher ...
On Monday the Energy Information Administration (EIA) reported The Permian was forecast to add 8,000 barrels of oil per day (bopd) in April for a total of about 6.1 million bopd.
The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.
Oil has been on a downward trend since April. Falling stockpiles reversed earlier morning losses Wednesday. Oil steadies on surprise inventory drop, but futures still down 8% from April peak [Video]
During the pandemic, weekly crude oil production dropped to a low of 9,700,000 barrels per day. As of week ending May 5, 2023, crude oil production had returned to pre-pandemic levels of 12,300,000 barrels per day. [5] By 2021 the US was the world's largest producer. [6]
Top 5 oil-producing countries 1980–2022 World oil production This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
The federal government's EIA report revealed that crude inventories fell by 4.4 million barrels for the week ending Sep 11 compared to expectations of a 1.8 million-barrel decline.