Data on oil production in the United States have been released
Data on oil production in the United States have been released
Oil production in the United States for the week which ended on June 21, remained at the level of the previous week at 13.2 million barrels per day, the weekly review of the Energy Information Administration of the Ministry of Energy of the country. On average, over the past four weeks, oil production in the United States amounted to 13.175 million barrels per day, according to the review.
The management reports accurate production data in a monthly report two months apart. According to the final data, in March, oil production in the United States amounted to 13.18 million barrels per day. According to preliminary data, in April the figure was 13.15 million barrels per day, in May - 13.2 million. For the whole of last year, production was estimated at an average of 12.93 million barrels per day.
On June 11, the US Department of Energy raised the forecast of average oil production in the country by the end of this year by 40 thousand barrels per day, to 13.24 million barrels per day, for 2025 - lowered by 20 thousand barrels per day, to 13.71 million.
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- Agriculture
- 27 June 2024 19:21
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- Energy
- 28 June 2024 06:43
Energy
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The State Oil Company of Azerbaijan (SOCAR) is launching the Leucipa monitoring program for the first time in the Caspian region to enhance production efficiency in the oil and gas industry, KOKAR reported. “SOCAR is implementing an innovative digital solution – the Leucipa monitoring program – to optimize processes and improve extraction efficiency. This initiative is part of a strategic collaboration with Baker Hughes. This project is a key part of SOCAR’s digital transformation strategy,” the company’s statement said.
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The daily oil production, including condensate, in Azerbaijan in January amounted to 74.5 thousand tons (559 thousand barrels). Of this volume, oil accounted for 61.7 thousand tons (454 thousand barrels per day), and condensate – 12.8 thousand tons (105 thousand barrels per day), the press service of Azerbaijan’s Ministry of Energy. Thus, Azerbaijan used 82.4% of its OPEC quota in January.
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In January 2025, Azerbaijan exported a total of 2 bcm of natural gas. Compared to January of the previous year, export volumes decreased by 300 mcm, the website of Azerbaijan’s Ministry of Energy. According to the ministry’s data, during the reporting period, Azerbaijan’s gas exports to Europe amounted to 1 bcm (a decrease of 100 mcm.)
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In January 2025, Azerbaijan exported 2 million tons of oil and condensate to foreign markets. The export volumes of liquid hydrocarbons from Azerbaijan decreased by 100 thousand tons, the website of Azerbaijan’s Ministry of Energy.
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