US oil output continues to surge despite four-year low crude prices
The International Energy Agency have released figures expecting US oil output to increase by 1.4m b/d this year
The ongoing surge in US light, tight oil helped to push the country's total crude output to record levels in October, despite oil prices being at four-year lows. Total US oil output, including crude oil, condensate and natural gas liquids (NGL), averaged 12.2 million barrels a day (b/d) in October, according to figures from the International Energy Agency (IEA). US crude oil production increased by 150,000 b/d in October, reaching 8.9m b/d. This was driven by the surge in the country's soaring light, tight oil production, which reached 3.9m b/d in October - a 100,000 b/d rise from the previous month. NGL output also bounced back up to 3m b/d last month as production recovered from September
Also in this section
20 April 2026
The region’s gas producers are investing heavily in the fuel in order to satisfy burgeoning demand resulting from economic growth and a shift to cleaner fuels
20 April 2026
The continent is home to mega-scale projects on both its east and west coasts as its growing economies see rising demand for gas
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
