United States crude oil production currently stands at 13.8 million barrels per day, keeping the country among the world's top producers. This level reflects sustained output from major shale regions including the Permian Basin in Texas and New Mexico, where drilling activity has remained relatively stable in recent months. The figure positions the US as a significant force in setting the pace of global supply.
Production rose by 92,000 barrels per day compared to the previous week, a meaningful gain that suggests producers are responding to favorable price conditions. While week-to-week figures can fluctuate due to weather, maintenance schedules, and reporting adjustments, a jump of this size points to genuine operational momentum. If this trend continues over the coming weeks, it could contribute to a gradual buildup in domestic supply.
West Texas Intermediate crude is trading at $95 per barrel, while Brent crude sits at $97.46 per barrel. The spread between the two benchmarks currently stands at roughly $2.46, which is relatively narrow and reflects fairly balanced conditions between US domestic supply and the international market. Elevated prices at both benchmarks continue to give producers a strong financial incentive to maintain or expand output.
Global oil production is running at approximately 65.0 million barrels per day, a level that reflects both OPEC output decisions and production from non-member countries. Analysts will be watching next week for any signals from major producers regarding supply adjustments, as well as updated demand data from Asia and Europe that could influence price direction heading into the final quarter of the year.
Data source: U.S. Energy Information Administration Weekly Petroleum Status Report. All production figures are EIA estimates subject to revision.