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April 25, 2012

US produces 6.113 million barrels of crude per day which is the most since 1999

US daily crude oil production was 6.113 million barrels per day for the week ending April 20, 2012 This is a level not reached since 1999. This is a 503,000 barrel per day increase from the same time last year. If the level of crude oil production is increased by another 500,000 barrels per day would increase crude oil production back to the level in 1994 at about 6.6 million barrel per day.

In terms of other non-crude oil liquid production almost all of the increase from last year (387,000 barrels per day) was from an increase of 354,000 barrels per day from natural gas liquids.



Here is the level of US crude production back in 1998 and 1999.





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