US crude oil output hit record in April – EIA

Crude oil production in the US hit a record 13.47 million b/d in April, up from 13.45 million b/d in March, according to data released by the US Energy Information Administration (EIA) in its Petroleum Supply Monthly report.

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In its monthly oil market report, OPEC projected an increase in liquid fuels supply from non-OPEC countries next year, led by the US. The country's total oil output is expected to touch about 22.3 million b/d in 2026, OPEC said.

However, the EIA has projected a much smaller growth in US crude oil output. The agency sees crude oil production to average more than 13.4 million b/d in 2025 and slightly below 13.4 million b/d in 2026.

“With fewer active drilling rigs, we forecast U.S. operators will drill and complete fewer wells through 2026,” the EIA said in its latest oil market report.

This highlights a divergence in outlooks between OPEC and the EIA, with OPEC projecting robust non-OPEC supply growth driven by the US, while the EIA anticipates a slowdown in US crude production due to declining rig activity.

By Aparupa Mazumder

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