U.S. Tops World in Oil Production for 6th Year, Hits Record 13 Million Barrels Per Day

The U.S. led the world in oil production for the sixth straight year in 2023, producing 12.9 million barrels per day on average.

U.S. oil production reached record highs in December 2023, surpassing 13 million barrels per day.

The U.S., Russia, and Saudi Arabia accounted for about 40% of total global oil production in 2023.

U.S. oil production has grown rapidly since 2008 due to fracking and horizontal drilling techniques.

The Permian Basin in Texas and New Mexico has driven recent gains in U.S. oil and gas output.