Trending News: Trump’s Iran War Oil Shield is Cracking: BoussoHigh Oil Prices Could Force Fed To Raise RatesGoldman Sachs Raises 2026 Brent Crude Average Price Forecast by $8 to $85 a Barrel, WTI to $79 a BarrelOil Plummets 8% as Trump Postpones Hormuz Deadline ThreatChinese Oil Giants Rethink Iranian Crude After US WaiverZombie Tankers Appear in Hormuz as War Fuels Traffic ChaosOver 60% of California hydrogen stations offline after gaseous supply disruptionTrump Reports ‘Productive Conversations’ with IranPodcast | Live from Rotterdam: Europe’s CO2 supply risk and the biogenic pushUK and China firms use CO2 for low-carbon polyols at Chinese plantUMOE launches China production and ships first hydrogen cylinders to AustraliaOil Plunges After Trump Postpones Strikes on Iranian Power PlantsSaudi Aramco Boss Pulls Out of Major International Energy Conference Due to Iran ConflictTrump Puts Off Threat to Bomb Iran Power Grid, Iranian Agency Denies Report of Talks to End WarIndia Holds Fuel Prices Steady Even as Oil Basket Soars Above $155IEA Signals Readiness for Another Emergency Oil ReleaseGoldman Boosts Oil Price Forecast by $8 for Brent and $7 for WTIIndian LPG Cargoes Pass Through Strait of HormuzSaudi Arabia Slashes Oil Supply to Asia as War Chokes Export RouteKuwait Awards $1.6 Billion Contract To Modernize Sabiya Power Station And Strengthen National Power GridMAHAGENCO Invites Bids For 300 MW Phase-II Grid-Connected Solar PV Projects In MaharashtraQatarEnergy Missile Strikes May Cause $100B Revenue LossChina firm commissions small cryogenic nitrogen unit in VenezuelaTop Stories Of The Day: CERC Unveils Storage Tariff Rules; POWERGRID Clears ₹705 Cr Plan and MoreEntergy Arkansas Strengthens Statewide Electric Grid With Pole Upgrades And Infrastructure ImprovementsGlobal Oil Shock Sparks Urgent Call For Electrification, Low-Carbon Fuels, And Strategic Energy Planning In AustraliaSinexcel Commissions First Sirius 135K Energy Storage Project in ThailandBlack Moon Energy signs helium-3 deal with US DOEBM Greentech Eyes Strong Growth With Solar-BESS Shift And Diversified Green PortfolioOil Prices Ease As US Pulls Out All Stops To Secure SupplyOil Markets Brace for Volatility as Trump’s Iran Deadline Fuels Escalation FearsFears of helium ‘tsunami’ but market holds up for nowIran, Trump Exchange Threats over HormuzCRUDE OIL’S CATCH-22: Pricing for Trump TACO Trade Makes it Less Likely: RussellAsian Refiners Pay Record Premiums for Non-Middle East CrudeU.S. Bets on Natural Gas to Power 10 GW AI Buildout in OhioIran to Completely Close Hormuz if Trump Executes Threats on Iranian Energy, Revolutionary Guards SayThe Nuclear Company launches nuclear services subsidiaryUEC expands output at Wyoming mine, initiates conversion facility licensing processKazatomprom preparing Akdala deposit’s next stepsApplication submitted for Swedish SMR plantOil Prices Set to Rise Further on Monday as Mideast War EscalatesUS Allows 30-Day Sale of Iran Oil at Sea in Bid to Tame PricesU.S. targets Iran positions near Strait of Hormuz as oil market tensions riseUS Loans 45.2 Million Barrels of Strategic Reserve Oil in First Batch Since Iran WarNTPC Explores Power Sector Collaboration with Tajikistan at Bharat Electricity Summit 2026MNRE Seeks Expanded Powers Under Electricity Act to Strengthen Renewable Energy GovernancePM Narendra Modi Shares Article Highlighting India’s Transformative Energy TransitionCEO Roundtable Highlights Urgent Reforms for Power Distribution under Draft National Electricity Policy 2026Power Sector: Centre, States Align on Energy Security and Reforms at BES 2026 Ministerial MeetVikram Solar Limited Appoints Sameer Nagpal as CEOIndia Pushes DISCOM Reforms: Shripad Yesso Naik Chairs GoM Meet at Bharat Electricity Summit 2026European Commission Launches Consultation for Post-2030 Renewable Energy FrameworkEnergy Storage Growth: India’s BESS Pipeline Hits 92 GWh, Capacity Set to Surge to 346 GWh by 2033Fox ESS Unveils Power Q Series Energy Storage System at Solar Solutions AmsterdamNTPC Explores Power & Mining Collaboration with Malawi at BES 2026CERAWeek Energy Conference Returns to Houston as Iran Conflict Rocks Global Energy MarketsOil Jumps to Highest Settlement Since July 2022 as More Mideast Supply DisruptedUS Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Says Baker HughesLocked Out BP Workers Picket Outside Indiana Refinery Amid Labor Contract DisputeNorth Dakota Operators Likely to Increase Crude Output in March, Regulator SaysUS Crude Heads to Asia via Panama Canal as Iran Crisis Redraws Trade FlowsTanker Carrying Fuel Originally Bound for Cuba Diverts to Trinidad, Shipping Data ShowsOil Inches Higher as Iran Strikes Kuwait’s Mina Al-Ahmadi RefineryBuyers Scramble for Seaborne Oil as Middle East War ContinuesTwo Russian Cargoes Offer Temporary Relief for Cuba’s Energy EmergencyEuropean Gas Price Set for 20% Weekly Jump on Qatar’s LNG OutageNew group of startups to advance CO2 mineralisation for buildingsVallourec secures Indonesia CCS contractAker Solutions wins CO2 terminal FEED contract in LithuaniaOil Up Despite Efforts by US, Allies to Boost Supply and Open Strait of HormuzJapan May Stockpile US Oil Domestically, PM SaysOil Prices Slide as Netanyahu Signals Iran War Could End SoonOil Prices Edge Lower but Remain Poised to End the Week HigherJapan Weighs Stockpiling U.S. Crude to Strengthen Energy SecurityAustralia Weighs Windfall Tax on Energy Giants as LNG Prices SurgeIEA Urges Working From Home and Cutting Air Travel to Ease Oil Supply ShockQatar to Lose $20 Billion Annual Revenue from Iranian Attacks on LNGIberdrola Highlights Strong Ties With The UK Government As Rachel Reeves Visits Its Madrid OfficesMaura Healey Signs Executive Order 654 Setting 10 GW Clean Energy Target As The Solar Energy Industries Association® (SEIA) Voices Strong SupportPFC Approves ₹1.6 Lakh Crore Borrowing Plan, Declares ₹3.25 Interim Dividend For FY26Iberdrola Again Earns a Spot In Ethisphere’s 2026 Ranking, Remaining The Only Spanish Energy Firm And One Of Five Global Leaders In The Energy And Utilities CategoryNational Green Hydrogen Mission Drives India Toward $2/kg TargetSumitomo Mitsui Banking Corporation Plans $1 Billion Loan To Support Saudi Arabia’s Renewable Energy TransitionWorld Leaders Condemn ‘De Facto’ Hormuz ClosureIndonesia And Singapore Advance BBK Green Industrial Zone For Sustainable GrowthPylontech Expands Southeast Asia Footprint With 150 MWh Energy Storage Deal In VietnamThailand Launches UGT2 Program To Boost Corporate Access To Renewable EnergySunsure Energy Signs Solar PPA With JAKSON Engineering Limited To Power Noida OperationsGulf crisis stops 6bcm of LNG supply from global marketsNikkiso CE&IG delivers ASU for Coregas in BrisbaneKETRACO Launches GREEN Phase 2 To Strengthen Grid Stability With STATCOM InstallationsAsia Turns to U.S. Oil as War Chokes Middle East SupplyIndia Unveils Ambitious Plan to Quadruple Solar Power by 2035Ignacio Galán Attends Ceremony Honouring Sergio Mattarella With An Honorary Doctorate From University Of SalamancaAIIM Advances $50 Million ATAF Fund To Boost Clean Energy And Infrastructure Across AfricaNigeria’s DARES Project To Deliver Clean Power To 17.5 Million People With World Bank SupportEBRD Extends €30 Million Green Loan To NLB Skopje Under WB GOLD, Marking First Use Of The Framework In North MacedoniaIberdrola Hits Major Milestone With 11,000 MW Of Power Capacity In The United States, Now Able To Supply Over Seven Million PeopleIsrael Says It Will Spare Iran Energy Sites

US Crude Oil Output Hit Record Last Week, EIA Data Shows

Business & Policy
December 4, 2024

(Reuters) – U.S. crude oil production rose by 20,000 barrels per day (bpd) to a record 13.513 million barrels per day in the week ended Nov 29, data from the U.S. Energy Information Administration (EIA) showed on Wednesday.

The previous weekly record for U.S. oil output was 13.50 million bpd, hit most recently in the week ended Nov 1. EIA began rounding weekly output to the nearest 1,000 bpd starting with the week ended Nov. 15, and all data prior to that was rounded to the nearest 100,000 bpd.

Reporting by Shariq Khan and Scott DiSavino in New York; Editing by Chizu Nomiyama