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The Economic Times

Business / The Economic Times

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US crude oil output rose in July, while petroleum demand declined, EIA says

In July, US crude oil production climbed to 13.95 million barrels per day, up from Junes figures. Despite the production surge, the demand for crude oil and petroleum products dropped to 20.61 million barrels per day. Meanwhile, gross natural gas production reached a remarkable 137.0 billion cubic feet per day, with Texas's output increasing to 40.1 billion cubic feet per day, contrasting slightly with a decline in Pennsylvania.

30 Sep 2026 11:16 pm