USA EIA reveals latest USA crude oil production forecast

Last updated: | Reading Time: 1 minutes
The EIA projected that U.S. crude oil production will average 13.37M bpd in 2025–2026, up from 13.21M bpd in 2024.

The U.S. Energy Information Administration (EIA) revealed its latest U.S. crude oil production forecast in its July short term energy outlook (STEO), which was released earlier this month. Learn how USA EIA reveals latest USA crude oil production forecast.

In its July STEO, the EIA projected that U.S. crude oil production, including lease condensate, will average 13.37 million barrels per day across 2025 and 2026. The STEO highlighted that this output came in at 13.21 million barrels per day in 2024.

Click here to read the full article
Source: Rigzone

—

Do you have any questions or thoughts about the topic USA EIA? Feel free to contact us here or leave a comment below.

You might also like
US associated natural gas output rose 6% in 2024, mirroring Permian crude oil production growth, according to the EIA.Permian Basin oil boom propels 2024 rise in US associated natural gas
Crude oil prices are set for a third consecutive weekly gain due to ongoing hostilities between Israel and Iran.Oil prices climb for third straight week
Oil prices have moved higher following news that producer BP will temporarily halt shipments through the Red Sea after reported attacks on vessels delivering on this route.Oil price rises as shipments through Red Sea are halted
New drilling technologyNew drilling technology to put billions of barrels of oil in reach, analysts say
Oil prices have fallen for the second consecutive week, but a major bullish catalyst may be looming in early February.Why oil prices could spike in February
Crude oil production in the Permian Basin is expected to rise by nearly 8% this year. It accounts for nearly half of US crude oil production.EIA: Permian Basin to help drive record oil production levels in 2024, 2025
Once dismissed, "peak oil" is resurging as U.S. production slows, sparking fresh concerns about future supply and its global economic impact.Return of Peak Oil
Oil prices found support after U.S. commercial crude stockpiles declined by 1.4 million barrels in the first week of May.US crude oil recovers losses after surprise stockpile decline
Global Oil and Gas Royalties – How Climate Policies Influence ItDiscover how global climate policies are transforming oil and gas royalties, reshaping revenues, regulations, and investment in a low-carbon energy future.Chevron clears hurdles to acquire Hess Corporation, set to expand oil and gas operations in four key regions.Chevron-Hess merger of $53 billion crosses the finish line, oil & gas assets’...