Commodities Buzz: EIA says US Crude oil production likely to hit all time high near 13.6 million barrels per day in Dec-25

The Energy Information Administration or EIA has stated that it expects increases in well productivity will push US crude oil production to an all-time high near 13.6 million b/d in December 2025. However, as crude oil prices fall, we expect U.S. producers will accelerate the decreases in drilling and well completion activity that have been ongoing through most of this year, and we forecast US crude oil production will decline to 13.1 million b/d by 4Q26. On an annual basis, we now forecast crude oil production will average 13.4 million b/d in 2025 and 13.3 million b/d in 2026.

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