Crude Oil Production in the United States decreased to 10001 BBL/D/1K in May from 12061 BBL/D/1K in April of 2020.

Crude Oil Production in the United States averaged 7526.41 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 August of 2020. source: U.S. Energy Information Administration

Crude Oil Production in the United States is expected to be 10500.00 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 11000.00 BBL/D/1K in 2021 and 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
10001.00 12061.00 12879.00 3971.00 1950 - 2020 BBL/D/1K Monthly
NSA

United States Trade Last Previous Highest Lowest Unit
Balance of Trade -50695.00 -54801.00 1946.00 -68277.00 USD Million [+]
Current Account -104204.00 -104324.00 9957.00 -218442.00 USD Million [+]
Current Account to GDP -2.30 -2.40 0.20 -6.00 percent [+]
Imports 208949.00 199488.00 266719.00 577.00 USD Million [+]
Exports 158253.00 144687.00 215032.00 772.00 USD Million [+]
External Debt 21234497.00 20412714.00 21234497.00 6570168.00 USD Million [+]
Terms of Trade 103.10 104.87 172.45 94.05 points [+]
Capital Flows -4500.00 125285.00 355329.00 -194622.00 USD Million [+]
Foreign Direct Investment 34578.00 51575.00 55831.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 127046.00 -128396.00 157830.00 -128396.00 USD Million [+]
Gold Reserves 8133.50 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 10001.00 12061.00 12879.00 3971.00 BBL/D/1K [+]
Goods Trade Balance -70985.00 -75379.00 1492.20 -79529.00 USD Million [+]
Oil Exports 2500.69 3196.31 6722.71 0.00 USD Million [+]
Tourism Revenues 4484.00 4521.00 21327.00 4484.00 USD Million [+]
Tourist Arrivals 249143.00 3139499.00 8418370.00 249143.00 [+]
Terrorism Index 5.69 6.07 7.39 3.70 [+]
Weapons Sales 10752.00 10414.00 15733.00 1429.00 USD Million [+]