U.S. produced record crude oil in July, says Energy Information Administration.

U.S. produced record crude oil in July, says Energy Information Administration.

The U.S. Energy Information Administration (EIA) has reported that the country produced a record amount of crude oil in July, marking a significant milestone in the nation's energy sector. According to the latest data, U.S. crude oil production reached 153.02 million barrels during the month, surpassing the previous record set in December 2024 .

This achievement is largely attributed to an 8.1% year-to-year increase in oil sands production, which totaled 113.84 million barrels in July. Additionally, the production of refined petroleum products also reached its highest levels since tracking began in January 2019, with a total of 66.1 million barrels produced during the month .

The increase in crude oil production has been accompanied by a rise in exports. Crude exports during July totaled a record 130.68 million barrels, with a significant portion of this volume going to countries in Asia. Meanwhile, pipeline exports to the U.S. fell by 1.7%, marking the sixth consecutive monthly year-to-year decrease .

The EIA data also highlights the resilience of U.S. oil demand, as refinery runs held steady at 16.48 million barrels per day. This steady demand, coupled with the recent draw in U.S. crude stocks reported by the EIA, has contributed to the rebound in oil prices .

In addition to the production and export data, the EIA report also provides insights into the production of various refined petroleum products. Gasoline production, for instance, reached a record high of 24.9 million barrels in July, a 4% increase from the same time last year. Similarly, jet fuel production also reached record levels, rising to 4.7 million barrels, a 3.8% increase from a year earlier .

The record production and export figures underscore the U.S.'s position as a major player in the global oil market. As the country continues to refine its energy policies and invest in infrastructure, it is likely to maintain its status as a significant contributor to global oil supply.