U.S. Crude Oil Production Increased by Two Percent During 2024: EIA

U.S. crude oil production averaged 13.2 million barrels per day (b/d) during 2024, up by 270,000 b/d compared to the previous year, according to an April 16 report published by the U.S. Energy Information Administration. The increase in crude oil production can be attributed to increased productivity, amid technological advancements and increased efficiency. Majority of…...