Weekly Crude Oil Production in the United States increased to 13508 Thousand Barrels Per Day in February 28 from 13502 Thousand Barrels Per Day in the previous week. This dataset includes a chart with historical data for the United States Weekly Crude Oil Production.

The EIA weekly oil production report provides important data, insights, and estimates on the trends and changes in oil production in the United States. It covers aspects such as total crude oil production, production changes, and production estimates, serving as a valuable resource for analysts, investors, and policymakers in the energy industry.

US weekly crude oil production refers to the amount of crude oil that is produced in the United States on a weekly basis. It is an important indicator of the country's domestic oil production and plays a significant role in global energy markets. This article discusses the significance of weekly crude oil production data, its impact on global oil prices and market dynamics, and its importance for energy stakeholders and policymakers in making informed decisions and planning for the future.

On March 24, 2025, the Brent crude oil price stood at 73.05 U.S. dollars per barrel, compared to 69.11 U.S. dollars for WTI oil and 75.11 U.S. dollars for the OPEC basket. These were slight increases compared to the previous weeks, which had seen some of the lowest prices in four years.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

United States Petroleum Supply: Refiner Inputs & Utilization (RIU): Crude Oil (CO) data was reported at 17,285.000 Barrel/Day th in 20 Jul 2018. This records an increase from the previous number of 17,239.000 Barrel/Day th for 13 Jul 2018. United States Petroleum Supply: Refiner Inputs & Utilization (RIU): Crude Oil (CO) data is updated weekly, averaging 14,531.000 Barrel/Day th from Aug 1982 (Median) to 20 Jul 2018, with 1869 observations. The data reached an all-time high of 17,816.000 Barrel/Day th in 22 Jun 2018 and a record low of 10,639.000 Barrel/Day th in 06 Jan 1984. United States Petroleum Supply: Refiner Inputs & Utilization (RIU): Crude Oil (CO) data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.RB020: Petroleum Supply: Weekly Report: Inputs and Production.

The United States has become the world's largest oil producer, with significant implications for the economy, energy security, and environment. Learn about the factors driving this growth and the consequences it has on the global oil market.

United States Petroleum Supply: Crude Oil: Domestic Production: 48 States data was reported at 11,200.000 Barrel/Day th in 16 Nov 2018. This stayed constant from the previous number of 11,200.000 Barrel/Day th for 09 Nov 2018. United States Petroleum Supply: Crude Oil: Domestic Production: 48 States data is updated weekly, averaging 5,019.000 Barrel/Day th from Sep 2003 (Median) to 16 Nov 2018, with 793 observations. The data reached an all-time high of 11,200.000 Barrel/Day th in 16 Nov 2018 and a record low of 2,957.000 Barrel/Day th in 30 Sep 2005. United States Petroleum Supply: Crude Oil: Domestic Production: 48 States data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB018: Petroleum Supply: Weekly Report.

Graph and download economic data for Average Weekly Earnings of Production Employees: Mining and Logging: Mining, Quarrying, and Oil and Gas Extraction in Texas (SMU48000001021000030) from Jan 2001 to Dec 2024 about mining, earnings, production, TX, employment, and USA.

Graph and download economic data for Average Weekly Hours of Production Employees: Mining, Quarrying, and Oil and Gas Extraction in Texas (SMU48000001021000007A) from 2001 to 2024 about mining, hours, production, TX, employment, and USA.

United States Petroleum Supply: Other Liquids: Production data was reported at 6,559.000 Barrel/Day th in 20 Jul 2018. This records an increase from the previous number of 6,546.000 Barrel/Day th for 13 Jul 2018. United States Petroleum Supply: Other Liquids: Production data is updated weekly, averaging 4,984.000 Barrel/Day th from Jun 2010 (Median) to 20 Jul 2018, with 425 observations. The data reached an all-time high of 6,559.000 Barrel/Day th in 20 Jul 2018 and a record low of 3,830.000 Barrel/Day th in 24 Sep 2010. United States Petroleum Supply: Other Liquids: Production data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.RB018: Petroleum Supply: Weekly Report.

The article provides insights into the growth, trends, and fluctuations of the United States oil production by offering a weekly update on the country's oil production. It highlights the factors influencing production levels, the impact of advancements in hydraulic fracturing, and the importance of the data in understanding the country's energy independence and global oil markets.

The annual price of West Texas Intermediate (WTI) crude oil is expected to reach an average of 70.62 U.S. dollars per barrel in 2025, according to a February 2025 forecast. This would be a decrease of roughly six U.S. dollar compared to the previous year. In the first few weeks of 2025, weekly crude oil prices largely stayed below 75 U.S. dollars per barrel. What are benchmark crudes? WTI is often used as a price reference point called a benchmark (or ”marker”) crude. This category includes Brent crude from the North Sea, Dubai Crude, as well as blends in the OPEC reference basket. WTI, Brent, and the OPEC basket have tended to trade closely, but since 2011, Brent has been selling at a higher annual spot price than WTI, largely due to increased oil production in the United States. What causes price volatility? Oil prices are historically volatile. While mostly shaped by demand and supply like all consumer goods, they may also be affected by production limits, a change in U.S. dollar value, and to an extent by market speculation. In 2022, the annual average price for WTI was close to the peak of nearly 100 U.S. dollars recorded in 2008. In the latter year, multiple factors, such as strikes in Nigeria, an oil sale stop in Venezuela, and the continuous increase in oil demand from China were partly responsible for the price surge. Higher oil prices allowed the pursuit of extraction methods previously deemed too expensive and risky, such as shale gas and tight oil production in the U.S. The widespread practice of fracturing source rocks for oil and gas extraction led to the oil glut in 2016 and made the U.S. the largest oil producer in the world.

Average Weekly Hours of Production Employees: Mining, Quarrying, and Oil and Gas Extraction in Texas was 52.00000 Hours per Week in January of 2024, according to the United States Federal Reserve. Historically, Average Weekly Hours of Production Employees: Mining, Quarrying, and Oil and Gas Extraction in Texas reached a record high of 52.00000 in January of 2024 and a record low of 39.00000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Average Weekly Hours of Production Employees: Mining, Quarrying, and Oil and Gas Extraction in Texas - last updated from the United States Federal Reserve on March of 2025.

United States Petroleum Supply: PP: FE: PADD 3 data was reported at 20.000 Barrel/Day th in 09 Nov 2018. This records a decrease from the previous number of 25.000 Barrel/Day th for 02 Nov 2018. United States Petroleum Supply: PP: FE: PADD 3 data is updated weekly, averaging 28.000 Barrel/Day th from Aug 2017 (Median) to 09 Nov 2018, with 66 observations. The data reached an all-time high of 32.000 Barrel/Day th in 04 May 2018 and a record low of 18.000 Barrel/Day th in 19 Oct 2018. United States Petroleum Supply: PP: FE: PADD 3 data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB020: Petroleum Supply: Weekly Report: Inputs and Production.

Average Weekly Earnings of Production Employees: Mining, Quarrying, and Oil and Gas Extraction in Texas was 1750.84000 $ per Week in January of 2024, according to the United States Federal Reserve. Historically, Average Weekly Earnings of Production Employees: Mining, Quarrying, and Oil and Gas Extraction in Texas reached a record high of 1750.84000 in January of 2024 and a record low of 648.57000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Average Weekly Earnings of Production Employees: Mining, Quarrying, and Oil and Gas Extraction in Texas - last updated from the United States Federal Reserve on March of 2025.

As of March 18, 2025, the price of one barrel of the Bonny Light crude oil in Nigeria reached 73.69 U.S. dollars, which was a slight decrease of 0.44 U.S dollar from the preceding week. Bonny Light crude oil is a high-grade crude oil produced in Nigeria that is known for its low sulfur content. A low sulfur content means low corrosive effects on the petroleum refinery infrastructure and a low environmental impact of the byproducts.

United States Petroleum Supply: RIU: CO: PADD 5 data was reported at 2,601.000 Barrel/Day th in 23 Nov 2018. This records an increase from the previous number of 2,493.000 Barrel/Day th for 16 Nov 2018. United States Petroleum Supply: RIU: CO: PADD 5 data is updated weekly, averaging 2,501.000 Barrel/Day th from Sep 1992 (Median) to 23 Nov 2018, with 1368 observations. The data reached an all-time high of 2,846.000 Barrel/Day th in 14 Jul 2006 and a record low of 2,016.000 Barrel/Day th in 21 Jan 2011. United States Petroleum Supply: RIU: CO: PADD 5 data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB020: Petroleum Supply: Weekly Report: Inputs and Production.

United States Petroleum Supply: RIU: CO: GI: PADD 2 data was reported at 3,741.000 Barrel/Day th in 16 Nov 2018. This records an increase from the previous number of 3,431.000 Barrel/Day th for 09 Nov 2018. United States Petroleum Supply: RIU: CO: GI: PADD 2 data is updated weekly, averaging 3,329.000 Barrel/Day th from Jan 1990 (Median) to 16 Nov 2018, with 1507 observations. The data reached an all-time high of 4,124.000 Barrel/Day th in 01 Jun 2018 and a record low of 2,678.000 Barrel/Day th in 09 Nov 1990. United States Petroleum Supply: RIU: CO: GI: PADD 2 data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB020: Petroleum Supply: Weekly Report: Inputs and Production.

On December 19, 2022, WCS prices closed at 47.87 U.S. dollars per barrel. This was an increase compared to the previous week. Crude oil prices reached over 100 U.S. dollars on March 7 and May 16, following concerns by market traders over tight supplies as a result of the Russia-Ukraine war. Western Canadian Select is the main benchmark for crude oil produced from oil sands in Alberta. It usually trades at around 10 U.S. dollars below WTI - which is the reference price for crude oil originating in the United States.

The consumption of gasoline in the United States amounted to some 8.69 million barrels per day in March 2025. In the period of consideration, gasoline consumption reached its highest four-week average in July 2024. Gasoline production and sales Despite the U.S. reporting a decrease in domestic motor gasoline refinery production in recent years, the gasoline market has been thriving, with gasoline sales across various stations in the country totaling 654 billion U.S. dollars in 2023. Meanwhile, real gasoline prices for end users climbed to around 1.4 real U.S. dollars per gallon. Gasoline vs diesel Both diesel and gasoline are derived from crude oil. Gasoline, however, undergoes a more extensive refining process, resulting in a more volatile compound compared to diesel. This characteristic accelerates the combustion of gasoline, yielding greater horsepower in practical applications. Diesel's advantage lies in its slower burn, which makes it especially fuel efficient and more favorable for heavy-duty vehicles. The average consumption of diesel fuel in the United States stood at 4.09 million barrels per day in March 2025.