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EIA: US crude oil production will increase to new records in 2023 and 2024

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In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 million b/d set in 2019. In 2022, US crude oil production averaged an estimated 11.9 million barrels per day (b/d) in 2023 and 12.8 million b/d.

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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

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The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 US crude oil production then fell to 9.7

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68% of primary energy imports to US in 2018 was crude oil; 48% of US energy exports were petroleum products

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The majority (69%) of primary energy imported into the United States in 2018 was crude oil, with petroleum products and natural gas also having significant shares, according to the US Energy Information Administration (EIA). Energy Information Administration, Monthly Energy Review, December 2019, Tables 1.4a

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Actual fuel economy of cars and light trucks: 1966-2019

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Specifically, this study examines actual fuel economy of cars and light trucks (pickup trucks, SUVs, and vans) from 1966 through 2019. (My Department of Transportation were the sources of the information for 1986 through 2019. The graph below shows the changes in actual vehicle fuel economy from 1966 through 2019. total Btu).

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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US energy-related CO 2 emissions declined by 2.8% in 2019 to 5,130 million metric tons (MMmt), according to data in the US Energy Information Administration’s (EIA) Monthly Energy Review. in 2019, and gross domestic product, which increased by 2.3% in 2019, and gross domestic product, which increased by 2.3%

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EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 million b/d in 2019. Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018. million b/d in 2019. million b/d in 2019.

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US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

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US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. The production decline resulted from reduced drilling activity related to low oil prices in 2020.

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