US oil output fell in December to lowest since June 2025, EIA says

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv The U.S. is the world's top oil-producing nation as well as its top consumer, but analysts have been expecting output to slow in response to the decline in oil prices in recent years. U.S. West Texas Intermediate crude futures were trading near $67 on Friday, compared with about $77.50 at the same time in 2024. Total U.S. petroleum demand rose 624,000 bpd to 20.85 million bpd in December, high ...