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With oil prices remaining relatively strong despite minor hiccups, energy companies like Occidental Petroleum (OXY), Coterra Energy (CTRA) and Hess Corporation (HESS) have seen solid gains in 2022.
Despite some temporary hiccups, oil prices are supported by improving fundamentals. This has helped the likes of DVN, MRO, FANG, OXY, COP and EOG notch up healthy year-to-date gains.
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]
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 ...
The Weekly Petroleum Status Report provides estimates of the amount of crude oil and petroleum products in storage, so that one may get a sense of whether stocks are building or declining, and of US oil production, so that an interested party can get a sense of whether it is decreasing or increasing.
For the full year of 2024, the EIA forecasts that U.S. crude oil production will average 13.2 million b/d, surpassing a 2023 record. In 2025, the EIA forecasts U.S. crude oil production will break ...
Weekly figures from EIA show that domestic crude output has dropped to 10.7 million barrels per day, since reaching 13.1 million in the second week of March.
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.