Crude Oil Production in the United States decreased to 11063 BBL/D/1K in December from 11124 BBL/D/1K in November of 2020. source: U.S. Energy Information Administration

Crude Oil Production in the United States averaged 7553.15 BBL/D/1K from 1950 until 2020, reaching an all time high of 12879 BBL/D/1K in November of 2019 and a record low of 3971 BBL/D/1K in September of 2008. This page 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. United States Crude Oil Production - values, historical data and charts - was last updated on February of 2021.

Crude Oil Production in the United States is expected to be 11000.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in the United States to stand at 11000.00 in 12 months time. In the long-term, the United States Crude Oil Production is projected to trend around 12000.00 BBL/D/1K in 2022, according to our econometric models.

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United States Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
11063.00 11124.00 12879.00 3971.00 1950 - 2020 BBL/D/1K Monthly
NSA

United States Trade Last Previous Highest Lowest Unit
Balance of Trade -66613.00 -69005.00 1946.00 -69005.00 USD Million [+]
Current Account -178513.00 -161362.00 9957.00 -218442.00 USD Million [+]
Current Account to GDP -2.30 -2.40 0.20 -6.00 percent [+]
Imports 256572.00 252756.00 266719.00 577.00 USD Million [+]
Exports 189959.00 183751.00 215032.00 772.00 USD Million [+]
External Debt 21314655.00 21310649.00 21314655.00 6570168.00 USD Million [+]
Terms of Trade 105.06 103.85 172.45 94.05 points [+]
Capital Flows -600.00 114700.00 316838.00 -194622.00 USD Million [+]
Foreign Direct Investment 40052.00 26661.00 55831.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 121000.00 149200.00 157830.00 -134895.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 11063.00 11124.00 12879.00 3971.00 BBL/D/1K [+]
Goods Trade Balance -83740.00 -83190.00 1492.20 -86113.00 USD Million [+]
Oil Exports 4662.00 3383.54 6722.71 0.00 USD Million [+]
Tourism Revenues 5096.00 4470.00 21327.00 3871.00 USD Million [+]
Tourist Arrivals 906682.00 747500.00 8418370.00 249143.00 [+]
Terrorism Index 5.26 5.69 7.39 3.70 [+]
Weapons Sales 10752.00 10414.00 15733.00 1429.00 USD Million [+]