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On 7/8/25, the U.S. Energy Information Administration (EIA) estimated that U.S. crude oil production will average 13.37 million barrels per day (bpd) in 2025, down from its previous estimate of 13.42 million bpd (6/10/25). The slight decline in estimated U.S. production comes amidst an Associated Press report that eight of the 22 members of OPEC plan to boost production by 548,000 bpd in August 2025. As of 7/8/25, the EIA estimated that U.S. consumption of petroleum and other liquid fuels will total 20.4 million bpd in 2025, unchanged from its previous forecast.
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Posted on Wednesday, July 9, 2025 @ 9:56 AM
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