EIA Short-Term Energy Outlook: U.S. crude oil production is expected to be 13.61 million barrels per day in 2025, compared to previous expectations of 13.59 million barrels per day. U.S. crude oil production is expected to be 13.76 million barrels per day in 2026, compared to previous expectations of 13.73 million barrels per day.
Reuters poll: OPEC's oil production rose 170,000 barrels per day in February from January to 26.74 million barrels per day, mainly driven by Iran.
EIA report: January 31st week U.S. domestic crude oil production increased by 238,000 barrels to 13.478 million barrels per day.
On February 3, Russian Deputy Prime Minister Novak said that the OPEC + Joint Ministerial Monitoring Committee (JMMC) discussed US President Donald Trump's call to increase oil production. In an interview with Russian television, Novak said that the committee agreed that OPEC + will gradually increase oil production starting from April 1, which is in line with previous plans. Trump has previously publicly called on OPEC + and its main member Saudi Arabia to lower oil prices, saying that doing so...
EIA report: January 17 week U.S. domestic crude oil production decreased by 4,000 barrels to 13.477 million barrels per day.
Investment banks believe that the increase in U.S. crude oil production will be a sustainable demand, but Trump's executive order is actually following the trend.
EIA report: January 10 week U.S. domestic crude oil production decreased by 82,000 barrels to 13.481 million barrels per day.
Malaysian Palm Oil Board MPOB: Palm oil production is expected to be 19.50 million tonnes in 2025 and 19.34 million tonnes in 2024.
The survey results showed that OPEC's crude oil production fell by 120,000 barrels per day to 27.05 million barrels per day in December.
EIA report: U.S. domestic crude oil production fell by 12,000 barrels to 13.573 million barrels per day in the week of December 27.
EIA report: U.S. domestic crude oil production fell by 19,000 barrels to 13.585 million barrels per day in the week of December 20.
According to data released by the Malaysian Palm Oil Association (MPOA), Malaysia's palm oil production is expected to decrease by 9.94% from December 1 to 20, with a decrease of 11.27% in Peninsular Malaysia, 12.83% in Sabah, 3.38% in Sarawak, and 7.83% in Eastern Malaysia.
According to sources, the UAE will increase its oil production starting in April 2025.
Russian Deputy Prime Minister Novak: Russia's oil production is expected to be 518 million to 521 million tons in 2024.
Reuters poll: OPEC oil production in November increased by 180,000 barrels per day from October to 26.51 million barrels per day, with Libya increasing the most.