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Commodities•30 June 2026•

1 min read

U.S. crude oil output hits record 13.93 million bpd in April

Key Facts

1U.S. crude oil production reached a record 13.93 million barrels per day in April.

Amid global supply glut concerns, U.S. crude oil production hit a new record in April. According to preliminary data, output reached 13.93 million barrels per day, surpassing previous highs. The gain follows years of drilling efficiency improvements and steady capital spending in shale fields.

The record came as the American Petroleum Institute reported a 765,000-barrel inventory draw for the week ended June 23, while the EIA reported a larger 6.09 million-barrel draw. However, concerns persist over weak global demand, particularly from China and Europe.

Looking ahead, U.S. GDP growth of 2.1% in Q1 could support demand, but elevated inflation readings may constrain monetary policy flexibility. Traders are also awaiting OPEC+'s next move.

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