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Crude oil production in barrels of oil a day (average for the month) US oil production, imports, & exports Oil product imports by country US natural gas production, imports, and exports Top 8 oil companies quarterly net income or net loss Oil production by state 2021 US energy consumption, by source, 1776–2024.
Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic. [citation needed]
The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.
According to US Energy Information Administration data, firms in Texas and New Mexico led the surge. That level of production puts the US at odds with the plans of other oil-producing nations.
US oil output hit an all-time high of 13.4 million barrels per day recently, according to weekly federal data. That is just above the peak of 13.1 million barrels per day under Trump.
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, the IEA said, ... IEA data shows. This accounted for the "main drag ...