A sleepy month. US production about flat, but productivity creeps higher.
Oil
Oil
Tuesday, August 12, 2025
The DOE forecasts continue to downgrade expectations for future US crude production. Someone needs to tell that to the boys in the Permian, where production just makes new highs every month. Maybe someone needs to be fired in the Energy Information Agency. Hmmm... not a bad idea for the next Trump news cycle.
Oil
Tuesday, July 8, 2025
Global crude consumption pushes out to a new all-time high, led by emerging markets ex-China. OPEC production climbs, while US production falls slightly for the second month in a row.
Oil
Tuesday, June 10, 2025
The DOE downgrades production forecasts for the second month in a row. Haven't they heard of "drill, baby, drill"?
Oil
Wednesday, May 7, 2025
World crude consumption falls a bit. At this point it's only slightly above where it was more than five years ago before the pandemic. Makes you wonder why OPEC keeps relaxing its production quotas.
Oil
Friday, April 11, 2025
An explosive move to new all-time highs in production in the mighty Permian. Go MOJO. Texas forever.
Oil
Wednesday, March 12, 2025
US crude production makes new highs, as prices fall. It's more complex than drill baby drill -- otherwise, the energy sector wouldn't be sharply outperforming the broader market this year (it's up year-to-date, believe it or not).
Oil
Wednesday, February 12, 2025
US crude production dips slightly in an unusually cold January. But the first forecast of the new Trump Department of Energy under new secretary Chris Wright upgrades production estimates for the next two years. Drill, baby, drill.
Oil
Wednesday, January 15, 2025
The final forecast of the Biden administration Department of Energy is a mere 2.4% growth in crude production through the end of 2026. We'll take the over on that with Chris Wright at the DOE helm.
Oil
Friday, December 13, 2024
A new all-time high for American crude production, with the mighty Permian of West Texas making up just less than half. And that's with the shackles of four years of restrictive regulation. Imagine what we can do when the handcuffs come off.