WASHINGTON, December 19, 2019 – The American Petroleum Institute today released its Q4 2019 Industry Outlook and November 2019 Monthly Statistical Report, highlighting the continued growth and resilience of America’s domestic energy revolution. For the first time in nearly 60 years, the U.S. became a net exporter of total energy and as of November produced a record 12.8 million barrels of crude oil per day.
More »
WASHINGTON, October 18, 2019 – U.S. crude oil production reached a new all-time high of 12.4 million barrels per day (mb/d) – and U.S. natural gas liquids production sustained a record 4.8 mb/d – in September, according to data released today from the American Petroleum Institute’s September 2019 Monthly Statistical Report (MSR). This milestone came as global markets have grappled with geopolitical and trade tensions that underscored the ability of U.S. production to cushion American consumers by helping to keep prices low and reduce price volatility.
WASHINGTON, September 19, 2019 – The American Petroleum Institute (API) today released its Q3 2019 Industry Outlook and August 2019 Monthly Statistical Report, highlighting how America’s domestic energy revolution is empowering economic and environmental progress. The increasing use of clean natural gas for electric power generation has helped drive U.S. carbon emissions to their lowest levels in a generation and lower consumer energy expenditures.
WASHINGTON, August 15, 2019 – Total U.S. petroleum demand averaged 20.8 million barrels per day (mb/d) in July 2019, which represented a 0.9% year-over-year increase and the highest demand for the month since 2005, according to the latest Monthly Statistical Report released today by the American Petroleum Institute (API). The increase in demand came as the U.S. continued to sustain world-leading production, which continues to meet virtually all global oil demand growth. This production cushion combined with high refinery utilization is furthering U.S energy security and benefiting American consumers.
WASHINGTON, July 18, 2019 – U.S. crude oil exports reached a new all-time high of 3.3 million barrels per day (mb/d) in June 2019, a 1.1 mb/d year-over-year increase, according to the latest Monthly Statistical Report released today by the American Petroleum Institute (API). This latest milestone came as the U.S. continued to sustain world-leading crude oil production of 12.2 mb/d, including 5.0 mb/d in West Texas’ Permian Basin. Increasing U.S. crude oil exports are a net positive for American consumers who have benefited from significant declines in energy expenditures since the rise of the shale revolution.
WASHINGTON, July 17, 2019 – Yesterday, the International Energy Agency (IEA) released a new report underscoring the importance of clean natural gas to driving meaningful reductions in carbon emissions while also satisfying the world’s growing energy needs.
The International Energy Agency released a new report underscoring the importance of clean natural gas to driving meaningful reductions in carbon emissions while also satisfying the world’s growing energy needs.
WASHINGTON, June 20, 2019 – The American Petroleum Institute today released its latest Monthly Statistical Report and API Industry Outlook detailing the continued growth and resiliency of the U.S. natural gas and oil industry. U.S. crude oil production reached a new all-time high of 12.2 million barrels per day (mb/d) in May 2019 driven by a combination of productivity gains and new pipeline capacity that enabled previously drilled but uncompleted wells (DUCs) to begin supplying product to the market.
WASHINGTON, May 16, 2019 – The American Petroleum Institute’s latest Monthly Statistical Report (MSR) shows U.S. crude oil production sustained a record-tying 12.1 million barrels per day (mb/d) in April while total petroleum demand was the highest for the month since 2007 at 20.2 million barrels per day.
WASHINGTON, April 18, 2019 – Today, the American Petroleum Institute’s latest monthly statistical report showed that the U.S. sustained its position as the world’s leading oil producer, continuing a pace of 12.1 million barrels a day (mb/d), matching February 2019. In addition, petroleum demand in March was the strongest for that month in more than a decade at 20.7 mb/d.
WASHINGTON, March 14, 2019 – Today, the American Petroleum Institute’s latest monthly statistical report showed that the U.S set a new record for oil production at 12.1 million barrels a day (mb/d) in February, continuing America’s position as the world’s leading oil producer. The increased production reflects the rise in drilling activity development over the past quarter. In addition, petroleum demand in February was the strongest for that month in more than a decade at 20.4 (mb/d).
