EIA Short-Term Energy Outlook Report: US crude oil production is expected to be 13.21 million b/d in 2024, compared to the previous forecast of 13.19 million b/d. U.S. crude oil production is expected to be 13.72 million b/d in 2025, compared to the previous forecast of 13.65 million...
US crude production growth will slow but set new records through at least 2025,according to the US Energy I nformation Administration(EIA),while producers like Brazil,Guyana and even Opec-plus members will help carry the torch on meeting still-growing demand.The government agency's first ...
In 2020, US initial crude oil production per well, or well production efficiency, increased significantly in the Bakken region, according to theU.S. Energy Information Administration’s (EIA)Drilling Productivity Report(DPR), which is updated monthly. Productivity in...
At the end of Q3 2024, US crude oil production rose to 13.3 million barrels per day, up 0.1 million barrels per day from Q2 2024.Energy and resources trends Oil and gas In the US Energy Information Administration’s October 2024 Short Term Energy Outlook report, US natural gas prices ...
EIA data shows that the inventory of crude oil from Cushing, Oklahoma, the delivery location of NYMEX crude oil futures, decreased by 875,000 barrels. EIA stated that the crude oil processing capacity of refineries decreased by 181,000 barrels per day. The utilization rate of refinery capacity...
EIA previously forecast U.S. oil production to reach a record 12 million bbl/d in fourth-quarter 2019 but the agency has now pared its expectations in its short-term energy outlook.
The EIA forecasts US crude oil production to fall in 2020 and 2021 as efforts to mitigate the spread of COVID-19 continue to affect demand and prices.
The EIA stated that the crude oil processing volume of the refinery decreased by 282,000 barrels per day that week. The utilization rate of refinery capacity has decreased by 1.5 percentage points. As of the week ending June 14th, US gasoline inventories decreased by 2.3 million barrels to 2...
U.S. crude oil production is expected to fall by 290,000 bbl/d in 2021 to 11.02 million bpd, the U.S. Energy Information Administration (EIA) said on May 11, a steeper decline than its previous forecast for a drop of 270,000 bbl/d. ...
U.S. crude oil production rose in March by more than 3% to the highest since November, according to a monthly report from the U.S. Energy Information Administration (EIA) on May 31. Oil production rose to nearly 11.7 million bbl/d in March from 11.3 million bpd the month prior, the ...