United States crude oil production stands at 13.3 million barrels per day this week, maintaining the country's position as the world's largest oil producer. This output level reflects continued activity across major producing regions including the Permian Basin in Texas and New Mexico, the Bakken formation in North Dakota, and offshore Gulf of Mexico operations. Production at this scale represents a historically high range for American output, which has expanded significantly over the past decade driven largely by advances in shale drilling technology.
Week over week, production held flat with no change recorded from the previous week's figures. A zero-barrel-per-day change indicates that new output coming online from active rigs is roughly offsetting any natural decline in existing wells. This kind of stability is common during periods when drilling activity and completion rates are running at a steady pace, and it suggests no major disruptions from weather events, equipment issues, or operational shutdowns affected output during the measurement period.
West Texas Intermediate crude is currently priced at 75 dollars per barrel, while Brent crude, the international benchmark, sits at 79 dollars per barrel. The four-dollar spread between the two benchmarks is within a fairly typical range and reflects factors including transportation costs, regional supply dynamics, and differences in crude quality. Brent's premium over WTI has been a consistent feature of oil markets in recent years, shaped in part by export logistics and varying demand signals across global regions.
Global oil production is running at approximately 65.0 million barrels per day, representing output from major producers outside the United States including OPEC member nations, Russia, Canada, and others. This figure captures conventional production and serves as a broad indicator of worldwide supply conditions. Next week, market watchers should pay attention to any updated guidance from OPEC regarding production targets, new inventory data from the Energy Information Administration, and any geopolitical developments in key producing regions that could shift supply expectations.
Data source: U.S. Energy Information Administration Weekly Petroleum Status Report. All production figures are EIA estimates subject to revision.