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.

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.

Crude Oil Production in the United States increased to 13468 BBL/D/1K in April from 13450 BBL/D/1K in March of 2025. This dataset provides the latest reported value for - United States Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.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.

In 2023, oil production in the United States reached 19.4 million barrels per day, the highest value within the period of consideration. The United States currently produces more oil than any other country in the world. Why has U.S. oil production increased? As U.S. oil production has more than doubled since the 2008 recession, imports of crude oil to the United States have decreased. An upsurge in foreign oil prices during the financial crisis, particularly from OPEC countries located mainly in the Middle East, motivated the U.S. energy industry to find ways to increase production domestically. Developments in extraction technology During the recession, investors took advantage of low-interest rates to develop costly oil extraction processes such as hydraulic fracturing. Also known as “fracking,” this extraction method made it possible to access shale oil deep underground that was once out of reach. Texas and New Mexico are major sites of shale reserves and have thus become the two largest oil-producing states in the country.

Petroleum Supply: Crude Oil: Imports data was reported at 7,554.000 Barrel/Day th in 16 Nov 2018. This records an increase from the previous number of 7,452.000 Barrel/Day th for 09 Nov 2018. Petroleum Supply: Crude Oil: Imports data is updated weekly, averaging 8,305.000 Barrel/Day th from Jan 1990 (Median) to 16 Nov 2018, with 1507 observations. The data reached an all-time high of 11,324.000 Barrel/Day th in 23 Jul 2004 and a record low of 4,278.000 Barrel/Day th in 21 Feb 1992. Petroleum Supply: Crude Oil: 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.RB018: Petroleum Supply: Weekly Report.

Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2025.

Petroleum Supply: Crude Oil: Adjustment data was reported at 154.000 Barrel/Day th in 16 Nov 2018. This records a decrease from the previous number of 601.000 Barrel/Day th for 09 Nov 2018. Petroleum Supply: Crude Oil: Adjustment data is updated weekly, averaging 117.000 Barrel/Day th from Nov 2001 (Median) to 16 Nov 2018, with 889 observations. The data reached an all-time high of 1,411.000 Barrel/Day th in 31 May 2002 and a record low of -816.000 Barrel/Day th in 09 Nov 2001. Petroleum Supply: Crude Oil: Adjustment 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.

API Crude Oil Stock Change in the United States increased to 7.10 BBL/1Million in July 4 from 0.68 BBL/1Million in the previous week. This dataset provides - United States API Crude Oil Stock Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Texas is by far the leading producing state of crude oil in the United States, with production amounting to roughly 5.5 million barrels per day. Following, New Mexico produced a third of the amount produced in the Lone Star state.

Oil production in the United States amounted to around 857.9 million metric tons in 2024, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2024, figures increased by 490 million metric tons.

Petroleum Supply: Imports: Crude Oil (CO): Canada data was reported at 3,472.000 Barrel/Day th in 30 Nov 2018. This records a decrease from the previous number of 3,513.000 Barrel/Day th for 23 Nov 2018. Petroleum Supply: Imports: Crude Oil (CO): Canada data is updated weekly, averaging 2,720.000 Barrel/Day th from Jun 2010 (Median) to 30 Nov 2018, with 444 observations. The data reached an all-time high of 3,729.000 Barrel/Day th in 29 Jun 2018 and a record low of 1,598.000 Barrel/Day th in 01 Oct 2010. Petroleum Supply: Imports: Crude Oil (CO): 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.RB019: Petroleum Supply: Weekly Report: Crude Oil Imports.

This dataset contains information about united states crude oil production for 1920-2021. Data from US Energy information administration.

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

The production of unrefined mixture of naturally occurring hydrocarbons

Weekly, monthly, and annual data on crude oil, gasoline, diesel, propane, jet fuel, ethanol, and other liquid fuels. Domestic and international data on petroleum prices, crude reserves and production, refining and processing, imports/exports, stocks, and consumption/sales.

Graph and download economic data for Average Weekly Earnings of Production Employees: Mining, Quarrying, and Oil and Gas Extraction in Texas (SMU48000001021000030A) from 2001 to 2024 about mining, earnings, production, TX, employment, and USA.

Graph and download economic data for Average Weekly Hours of Production Employees: Mining and Logging: Mining, Quarrying, and Oil and Gas Extraction in Texas (DISCONTINUED) (SMU48000001021000007SA) from Jan 2001 to Mar 2022 about mining, hours, production, TX, employment, and USA.

WS: PADD 2 data was reported at 170,029.000 Barrel th in 09 Feb 2024. This stayed constant from the previous number of 170,029.000 Barrel th for 02 Feb 2024. WS: PADD 2 data is updated weekly, averaging 170,208.000 Barrel th from Jan 2020 (Median) to 09 Feb 2024, with 213 observations. The data reached an all-time high of 172,749.000 Barrel th in 20 Mar 2020 and a record low of 170,029.000 Barrel th in 09 Feb 2024. WS: PADD 2 data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB052: Petroleum Supply: Weekly Crude Oil Storage Capacity (Discontinued). Released once a week (every Wednesday) with data for the previous week (Monday to Friday). If Wednesday falls on a holiday, the data will be released on the next business day.

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 July of 2025.