Tag Archives: barrels

U.S. production of crude oil grew 5% in 2017, reaching 10 million barrels per day in the last two months of the year (3/14/2018)

Annual average U.S. crude oil production grew by 463,000 barrels per day (b/d) in 2017 to 9.3 million b/d after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production grew 1.2 million b/d year-over-year and reached the highest level of production in U.S. history, surpassing 10 million b/d, a level […]

U.S. refinery capacity reaches 18 million barrels per day

June 25, 2015 Source: U.S. Energy Information Administration, 2015 Increased refinery runs—based on increases in both capacity and utilization—have helped accommodate increases in U.S. crude oil production. The United States’ capacity to refine crude oil into petroleum products—measured as operable atmospheric crude distillation unit (CDU) capacity—increased by 0.2% in 2014, reaching 18.0 million barrels per […]

Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014

April 23, 2015 Source: U.S. Energy Information Administration, based on Lloyd’s List Intelligence, Suez Canal Transit Authority, Eurostat, and Global Trade Atlas, using EIA conversion factors While between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and […]

U.S. oil reserves continue rising, surpass 36 billion barrels for first time since 1975

December 5, 2014 Source: U.S. Energy Information Administration, U.S. crude oil and lease condensate proved reserves rose for the fifth consecutive year in 2013, increasing by 9% from the 2012 level to 36.5 billion barrels, according to the report released yesterday by the U.S. Energy Information Administration (EIA). U.S. crude oil and lease condensate proved […]

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