The new round of sanctions has ignited the mood of the oil market, causing a sharp rise in international crude oil. However, OPEC + production increases and Russia's production resilience are weighed down by multiple shadows. How will the crude oil market perform?
EIA Short-Term Energy Outlook: U.S. crude oil production is expected to be 13.53 million barrels per day in 2025, compared to previous expectations of 13.44 million barrels per day. U.S. crude oil production is expected to be 13.51 million barrels per day in 2026, compared to previous expectations of 13.30 million barrels per day.
U.S. Energy Information Administration (EIA): U.S. crude oil production hit a record high in June.
If gold stays below this range for a long time, the short-term correction may intensify! On the eve of the Federal Reserve's resolution, the strength of the US dollar depends entirely on "it"? Trump's ultimatum, the global crude oil production capacity may be affected...
The decline in domestic crude oil production in the week to July 18 in the United States was the largest since the week of April 4, 2025; domestic crude oil production in the week to July 18 in the United States was the lowest since the week of January 24, 2025.
EIA Short-Term Energy Outlook: U.S. crude oil production is expected to be 13.37 million barrels per day in 2025, compared to previous expectations of 13.42 million barrels per day.
The survey showed that OPEC's crude oil production increased by 200,000 barrels per day in May to 27.54 million barrels per day.
OPEC's crude oil production fell by 200,000 barrels per day to 27.24 million barrels per day in April, mainly due to looming U.S. sanctions on Venezuela, a survey showed.
EIA report: April 4 week U.S. domestic crude oil production decreased by 122,000 barrels to 13.458 million barrels per day.
EIA report: U.S. domestic crude oil production increased by 6,000 barrels to 13.58 million barrels per day in the week of March 28.