US energy production in 2023 exceeded consumption by a record amount, with natural gas up 58% and crude oil up 69%. Renewables accounted for less than 8% of total energy production. Oil production in April 2024 reached the highest level since December 2023.
π₯π₯π₯π₯ Since US crude production continue to rise and hit new peak in April. I am going down the history lane! The tweet below is form March 2019! #Oil #Shale https://t.co/pQQDn5XeR5
Since US crude production continue to rise and hit new peak in April. I am going down teh history lane! #Oil #Shale https://t.co/JtLSCTS0o4
πΊπΈ Monthly US crude production in continues to recover and hit 13,248 kbpd in April. That's the third-highest US crude production print in history, behind only Nov/Dec 2023 before the winter storm. https://t.co/6hXr2POh0M
OIL MARKET: Once again, @EIAgov revises higher US total oil demand based on monthly data vs weekly. US total consumption pegged at 20.008m b/d in April (up 255,000 b/d from an earlier estimate of 19.753m b/d) Gasoline, jet-fuel and diesel all revised higher | #OOTT 1/2
In April, the US produced 13.25 million barrels of crude oil per day, reaching the highest level since December 2023, according to data from the EIA.
Oil and petroleum demand in the US surged to 20 million barrels per day in April, marking the highest level since December 2023, according to the EIA.
U.S. energy production exceeded consumption by record amount in 2023 https://t.co/Dq33S2yabW https://t.co/1MtbGA4ojm
CHART OF THE DAY: Last year, US energy production* exceeded consumption by 9 quadrillion British thermal units, more than at any other time in @EIAgov records, which date to 1949. (* primary energy, which includes a lot of wasteful energy) https://t.co/lWuuonePZb https://t.co/jl7LUTFRIt
2023 US energy "production exceeded consumption by 9 quads, more than at any other time in our records, which date to 1949." @EIAgov https://t.co/uUI4jDJcU5
The U.S. energy production is exceeding energy consumption. @SullyCNBC explains in his #RBI. https://t.co/l4SbBD5vba
usa energy production now exceeding energy consumption for the first time since the 1950s⦠https://t.co/iI7se07ZfJ
US energy production hit a new record last year, driving a record surplus. Natural gas production was up 58% from 2013, and crude oil was up 69%. Renewables represented less than 8% of total 2023 US energy production. @eiagov https://t.co/JjkD6CJz4J https://t.co/w1TIVeDylS