US crude oil production stands at 13.8 million barrels per day, maintaining the country's position as the world's leading oil producer. Output remains near record levels, reflecting sustained activity across major producing regions including the Permian Basin in Texas and New Mexico. The figure underscores the continued strength of the American oil sector heading into the current period.
Production increased by 8,000 barrels per day compared to the previous week, a modest but positive gain. While the change is small relative to total output, it signals that producers are holding steady rather than pulling back. Week-over-week stability at these volumes suggests operators are maintaining existing well activity without significant disruption from weather, maintenance, or other operational factors.
West Texas Intermediate crude is currently priced at $81.96 per barrel, while Brent crude trades at $88.90 per barrel. The spread between the two benchmarks sits at roughly $6.94, which is within a typical historical range. Brent's premium over WTI reflects differences in global demand dynamics and shipping logistics, and the current gap does not indicate unusual stress in either market.
Global oil production is running at approximately 65.0 million barrels per day, accounting for output from major producers across North America, the Middle East, and beyond. Supply appears broadly balanced with demand at current price levels. Next week, markets will likely watch for any signals from OPEC members regarding production targets, along with US inventory data from the Energy Information Administration, which can influence short-term price movement and output expectations.
Data source: U.S. Energy Information Administration Weekly Petroleum Status Report. All production figures are EIA estimates subject to revision.