Key information about United States Crude Oil: Production

• United States Crude Oil: Production was reported at 12,927.088 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 11,910.573 Barrel/Day th for Dec 2022
• US Crude Oil: Production data is updated yearly, averaging 8,135.663 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 12,927.088 Barrel/Day th in 2023 and a record low of 4,999.727 Barrel/Day th in 2008
• US Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

Weekly Crude Oil Production in the United States decreased to 13385 Thousand Barrels Per Day in July 4 from 13433 Thousand Barrels Per Day in the previous week. This dataset includes a chart with historical data for the United States Weekly Crude Oil Production.

On July 21, 2025, the Brent crude oil price stood at 68.98 U.S. dollars per barrel, compared to 67.2 U.S. dollars for WTI oil and 70.65 U.S. dollars for the OPEC basket. Brent and OPEC prices fell slightly that week, while WTI prices rose.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 (where a contract is agreed upon while 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.

This dataset contains information about world's crude oil prices for 1861-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes: 1861-1944 US Average 1945-1983 Arabian Light posted at Ras Tanura 1984-2016 Brent dated. $2020 (deflated using the Consumer Price Index for the US

United States Crude Oil Price: EIA: Landed Cost of Imports: Canada data was reported at 57.310 USD/Barrel in Aug 2018. This records a decrease from the previous number of 59.000 USD/Barrel for Jul 2018. United States Crude Oil Price: EIA: Landed Cost of Imports: Canada data is updated monthly, averaging 25.060 USD/Barrel from Oct 1973 (Median) to Aug 2018, with 539 observations. The data reached an all-time high of 122.830 USD/Barrel in Jul 2008 and a record low of 4.820 USD/Barrel in Oct 1973. United States Crude Oil Price: EIA: Landed Cost of Imports: Canada 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.P002: Energy Price.

Texas is by far the largest oil-producing state in the United States. In 2024, Texas produced a total of over two billion barrels. In a distant second place is New Mexico, which produced 744.6 million barrels in the same year. Virginia is the smallest producing state in the country, at three thousand barrels. Macro perspective of U.S. oil production The U.S. oil production totaled some 19.4 million barrels of oil per day, or a total annual oil production of 827 million metric tons in 2023. As the largest oil producer in the U.S., it is not surprising that Texas is home to the most productive U.S. oil basin, the Permian. The Permian has routinely accounted for at least 50 percent of total onshore production. Regional distribution of U.S. oil production A total of 32 of the 50 U.S. states produce oil. There are five regional divisions for oil production in the U.S., known as the Petroleum Administration for Defense Districts (PADD). These five regional divisions of the allocation of fuels derived from petroleum products were established in the U.S. during the Second World War and they are still used today for data collection purposes. In line with the fact that Texas is by far the largest U.S. oil producing state, PADD 3 (Gulf Coast) is also the largest oil producing PADD, as it also includes the federal offshore region in the Gulf of Mexico. There are around 590 operational oil and gas rigs in the country as of February 2025.

Crude Oil Imports in the United States decreased to -740 Thousand Barrels in July 18 from -395 Thousand Barrels in the previous week. This dataset provides - United States Crude Oil Imports- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Crude Petroleum Stocks for United States (M05F3AUSM387NNBR) from Jan 1918 to Jul 1941 about petroleum, crude, inventories, and USA.

U.S. refinery imports of all grades of crude oil, i.e., heavy sour, heavy sweet, light sour, light sweet, and medium crude oil. Data organized by refinery state. Data in monthly or annual time series. Users of the EIA API are required to obtain an API Key via this registration form: http://www.eia.gov/beta/api/register.cfm

United States Crude Oil Supply: Imports by Country: OPEC: Others data was reported at 1,413.000 1000 Barrel/Day in Apr 2018. This records an increase from the previous number of 935.000 1000 Barrel/Day for Mar 2018. United States Crude Oil Supply: Imports by Country: OPEC: Others data is updated monthly, averaging 2,074.000 1000 Barrel/Day from Jan 1993 (Median) to Apr 2018, with 304 observations. The data reached an all-time high of 3,638.000 1000 Barrel/Day in Mar 2007 and a record low of 935.000 1000 Barrel/Day in Mar 2018. United States Crude Oil Supply: Imports by Country: OPEC: Others data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.RB017: Petroleum Overview: by Product.

United States EIA Forecast: Crude Oil Price: Brent Spot Average data was reported at 71.000 USD/Barrel in Dec 2019. This stayed constant from the previous number of 71.000 USD/Barrel for Nov 2019. United States EIA Forecast: Crude Oil Price: Brent Spot Average data is updated monthly, averaging 62.750 USD/Barrel from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 83.000 USD/Barrel in Oct 2018 and a record low of 34.000 USD/Barrel in Mar 2016. United States EIA Forecast: Crude Oil Price: Brent Spot Average 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.P003: Energy Price: Forecast: Energy Information Administration.

Explore the surprising increase in U.S. crude oil inventories driven by a significant import surge, affecting gasoline and distillate stocks. Understand the market's response and refinery activity.

Interactive historical chart showing the annual level of U.S. crude oil reserves back to 1900 from the US Energy Information Adminstration (EIA). Values shown are in millions of barrels.

United States Crude Oil Supply: Annual: Imports data was reported at 7,969.000 1000 Barrel/Day in 2017. This records an increase from the previous number of 7,850.000 1000 Barrel/Day for 2016. United States Crude Oil Supply: Annual: Imports data is updated yearly, averaging 1,211.500 1000 Barrel/Day from Dec 1910 (Median) to 2017, with 104 observations. The data reached an all-time high of 10,126.000 1000 Barrel/Day in 2005 and a record low of 2.000 1000 Barrel/Day in 1910. United States Crude Oil Supply: Annual: Imports 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.RB017: Petroleum Overview: by Product.

This dataset contains Weekly US Ending Stocks excluding SPR of Crude Oil from 2015-2021. Data from US Energy information administration.

Imports of Crude Petroleum Value in the United States decreased to 12069397 USD Thousand in February from 13689739 USD Thousand in January of 2024. This dataset includes a chart with historical data for the United States Imports of Crude Petroleum Value.

Forecast: Crude Oil and Condensate Production in the US 2022 - 2026 Discover more data with ReportLinker!

Graph and download economic data for Import Price Index (End Use): Crude Oil (IR10000) from Dec 1980 to Jun 2025 about end use, crude, imports, price index, indexes, price, and USA.

Site includes data and information on remaining oil and gas reserves in the U.S., includes downloadable graphs, PDFs, and Excel charts.

Summary: In 2011, oil and gas exploration and production companies operating in the United States added almost 3.8 billion barrels of crude oil and lease condensate proved reserves, an increase of 15 percent, and the greatest volume increase since the U.S. Energy Information Administration (EIA) began publishing proved reserves estimates in 1977 (Table 1). Proved reserves of crude oil and lease condensate increased by 2.9 billion barrels in 2010, the previous record. Proved reserves of U.S. wet natural gas1 rose by 31.2 trillion cubic feet in 2011 to a new record high of 348.8 trillion cubic feet. Though this increase was lower than the 33.8 trillion cubic feet (Tcf) added in 2010, it was only the second year since 1977 that natural gas net reserves additions surpassed 30 Tcf.

The United States imported 2.37 billion barrels of crude oil from other countries. It was the first time since 2017 that figures had increased. The peak was recorded in 2005, at nearly 3.7 billion barrels.