United States crude oil production stands at 13.7 million barrels per day this week, maintaining one of the highest output levels the country has recorded in recent years. This figure reflects the continued strength of domestic drilling activity, particularly across major producing basins such as the Permian in Texas and New Mexico. At this level, the United States remains among the top crude oil producers in the world alongside Russia and Saudi Arabia.
Production held flat from the previous week, with no change recorded in the week-over-week comparison. A reading of zero barrels per day in either direction indicates that output is stable rather than growing or contracting. While flat weeks are not uncommon, sustained periods without growth can draw attention from analysts watching whether producers are hitting capacity limits or responding to operational and cost pressures in the field.
West Texas Intermediate crude is priced at $104.69 per barrel this week, while Brent crude sits at $121.88 per barrel. The spread between the two benchmarks stands at roughly $17, which is historically wide. Brent typically trades at a modest premium to WTI, but a gap of this size often reflects tighter supply conditions in global markets compared to domestic ones, and it can influence decisions about where American producers choose to direct their exports.
Global crude oil production is currently estimated at 65.0 million barrels per day, a figure that reflects output from all major producing nations combined. With prices elevated for both major benchmarks, market participants will be watching next week for any signals from OPEC member countries about production adjustments, as well as any updates to United States inventory data that could shift the near-term price outlook.
Data source: U.S. Energy Information Administration Weekly Petroleum Status Report. All production figures are EIA estimates subject to revision.