Oil & Gas

03 Mar 2022

U.S. Crude Oil Production Unchanged Last Week: EIA

03 Mar 2022  by   
HOUSTON, March 2 (Xinhua) -- U.S. crude oil production averaged 11.6 million barrels per day (b/d) during the week ending Feb. 25, unchanged from the previous week, U.S. Energy Information Administration (EIA) said Wednesday.


However, the figure rose by 1.6 million b/d this time last year, according to the EIA.

In a report issued last month, the EIA forecast that crude oil prices will remain high enough to drive U.S. crude oil production to record-high levels in 2023, reaching a forecast 12.6 million barrels per day (b/d).

The report, titled 2022 Short-Term Energy Outlook, said that U.S. crude oil production will increase to 12.0 million b/d in 2022, up 760,000 b/d from 2021.

More than 80 percent of that U.S. crude oil production growth to come from the country's Lower 48 states (L48), which does not include production from Alaska and the Federal Offshore Gulf of Mexico, said the report.

The United States has become a major oil producer in the past years with the help of its shale oil production growth.


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