U.S. Oil Production Update — Week of April 29, 2026

United States crude oil production currently stands at 13.6 million barrels per day, keeping the country among the top producers in the world. This level reflects continued output from major basins including the Permian, Eagle Ford, and Bakken regions, which together account for the bulk of domestic supply. Production at this scale supports both domestic refining demand and export capacity, making the weekly figure a closely watched indicator for energy markets.

Output declined by 11,000 barrels per day compared to the previous week, a modest but notable dip. Changes of this size are often tied to routine maintenance, weather disruptions, or short-term shifts in drilling activity rather than any structural change in production capacity. While the drop is small relative to total output, sustained week-over-week declines over multiple reporting periods would draw closer attention from analysts tracking the longer-term supply trend.

West Texas Intermediate is currently priced at $91.06 per barrel, while Brent crude trades at $103.40 per barrel. The spread between the two benchmarks sits at roughly $12.34, which is wider than typical and reflects differences in global demand pressure, transportation costs, and regional supply dynamics. Brent's higher price signals stronger buying interest in international markets, and the spread at this level can influence how much US crude gets directed toward export versus domestic use.

Global oil production stands at 65.0 million barrels per day, a figure that captures output from OPEC members, non-OPEC producers, and independent operators worldwide. With Brent holding above $100, producers outside the US face continued incentive to maximize output where capacity allows. Next week, markets will be watching any OPEC production signals, new inventory data from the US Energy Information Administration, and any geopolitical developments that could affect supply from key producing regions.