US oil production in 2025 is forecast to average a bit more than 13.4 million barrels per day. The U.S. Energy Information Administration (EIA) forecasts that output will fluctuate throughout the year, reaching a high of 13.67 million barrels per day in the first quarter and then gradually declining to 13.48 million barrels per day in the fourth quarter. Several factors, including the number of active drilling rigs and oil prices, influence these monthly fluctuations.
Here's a more detailed breakdown:
Overall
Production:
The EIA forecasts that U.S. crude oil production will average a bit more than 13.4 million barrels per day in 2025.
Quarterly
Fluctuations:
Production is expected to be higher in the first and second quarters, potentially reaching 13.67 million barrels per day and 13.64 million barrels per day, respectively. Output is then expected to decline slightly in the third and fourth quarters, potentially reaching 13.46 million barrels per day and 13.48 million barrels per day.
Factors
Affecting Production:
The EIA explains that the number of active drilling rigs and oil prices significantly impact production levels. Decreases in drilling activity and potential price fluctuations could lead to lower production in some months.
Specific
Field Production:
Several new fields are expected to come online in the Gulf of Mexico, including Whale, Ballymore, and Dover, which will contribute to overall production.
OPEC+
Impact:
The International Energy Agency (IEA) anticipates that OPEC+ will increase production in 2025, but still produce below their target levels to manage global oil inventories and support prices, according to the IEA.
US
oil production by month 2025
Based on the provided search results, here's an overview of the US crude oil production outlook by month for 2025:
Overall
Production:
· The U.S. Energy
Information Administration (EIA) has forecast that U.S. crude oil production
will average a bit more than 13.4 million barrels per day (b/d) in 2025.
· Some forecasts, such as
the April 2025 STEO, suggest a potential for production to reach an all-time
high of 13.5 million b/d in the second quarter of 2025.
· However, the EIA also
forecasts a decline in production in the latter part of 2025,
reaching around 13.3 million b/d by the fourth quarter of 2026.
· This expected decline is attributed to factors like a decrease in active drilling rigs and declining oil prices.
Key
Production Regions:
· The Permian
region is expected to contribute significantly to growth in 2025, with
forecasts predicting an increase to 6.6 million b/d. This growth is supported
by productivity improvements and new infrastructure.
· The Gulf of
Mexico is also expected to boost production due to new fields coming
online, contributing around 85,000 b/d in 2025. Specific projects like the
Whale field and the upcoming Shenandoah field are key contributors.
· Other regions, such as the Eagle Ford and Bakken Shales, are expected to make up a smaller portion of total production.
Factors
Influencing Production:
· Factors supporting
production growth include advancements in drilling technology, new
infrastructure, and anticipated high oil prices.
· Conversely, a decrease in active drilling rigs could negatively impact production later in 2025.
Monthly
Data:
· Historical monthly U.S. crude oil production data for early 2025 is available from sources like YCharts. You can find specific monthly figures in the referenced document. Note that these figures represent total monthly production and not the daily average.
In summary, the outlook for U.S. crude oil production in 2025 points to continued growth, especially early in the year, but a potential decrease is anticipated later in the year and into 2026. This is influenced by factors such as drilling activity and oil prices, with key contributions to growth expected from the Permian region and new projects in the Gulf of Mexico.
https://www.google.com/search?q=us+oil+production+by+month+2025
Norb Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment