Trending News: CERAWEEK ‘Make Energy Great Again’ says UAE’s ADNOC CEO, Pledging US Gas InvestmentUS Natural Gas Prices Fall More Than 5% on Record Output, Milder Weather OutlookUK Arrests Container Ship Captain After Tanker CollisionAlberta Discuses Heavy Oil Sales With Large Overseas BuyerTotalEnergies and RWE Agree One of the World’s Biggest Green Hydrogen DealsWood launches energy transition advisory hub in Abu DhabiEurope responds to US tariffs with €26bn of countermeasures Europe responds to US tariffs with €26bn counter measures Trump’s Tariffs on Steel, Aluminum to Raise Costs for US Energy FirmsOil Up on Weak Dollar as Tariff Concerns Cap GainsGlobal Companies Eye More US investment as a Result of Trump’s Pro-Energy PoliciesEnergy Market Implications of Ukraine-Russia Ceasefire Could be HugeEIA STEO: Oil’s Tight Squeeze To Create Price Pop Before the DropDraws in Fuel Stocks Counter Crude Inventory BuildOil Prices Rebound on Resilient Demand SignalsCanada’s Energy Minister Threatens the U.S. With Oil Export CutsDry Piney helium project moves forward with Chart technologiesPodcast: Where did it go wrong for hydrogen?Swelect Secures Over 150 MW of Solar Module and Raises ₹290 Crores to Power ExpansionJinkoSolar Once Again Achieves AAA Rating in PV Tech Q4 2024 Bankability Report, Leading Global PV InnovationHelix to start drilling Linda well in April and expects helium production this summerVideo: What need is there for transition technologies in the MENA region?U.S. Solar Industry Hits Record 50 GW in 2024, Boosting Domestic Manufacturing, Reports Wood MackenzieSIG and Yellow Door Energy Launch 2MW Solar Project in RiyadhIndia’s Clean Energy Pathway: Scaling Up To 600 GW Non-Fossil Capacity By 2030 For Reliable And Affordable Power – CEEWSMA Altenso Reaches Gigawatt Milestone in Hydrogen Technology with Namibia ProjectWood Establishes Energy Transition Hub in Abu Dhabi to Drive Regional Decarbonization GoalsUkraine Hits Major Russian Refinery In Massive Drone AttackTotalEnergies and RWE sign major green hydrogen offtake dealSungrow’s PowerTitan 2.0 BESS Debuts In Finland, Boosting Energy Storage CapacityJA Solar Expands Presence In Mexico With 260MW Distribution AgreementSEVA Joins UPEX 2025 as an Association Partner to Promote Solar Energy AdvancementsSUNation Energy Joins Industry Leaders At The 37th Annual Roth ConferenceGEMS Education and Positive Zero Ink UAE’s Largest School-Based Solar Energy DealSerentica Renewables And Hindustan Zinc Strengthen Ties To Boost Renewable Energy Capacity To 530 MWONGC, NTPC Strengthen Green Portfolio with Ayana Renewable AcquisitionResidential Solar’s Road To Recovery: Why The Future Still Looks Bright – McKinsey InsightsCCI Approves ORIX’s Stake Sale in Greenko Energy Holdings to AMG Green Power B.V.ACEN Reports Php 9.36 Billion Net Income in 2024, Driven by Strong Renewable Energy GrowthES Sunlogy Secures RM34 Million Contract for 29.99MW Solar Project in KedahMNRE Clarifies DCR Guidelines For Domestically Manufactured Solar PV Cells And ModulesThailand’s ERC Proposes 0.17 Baht/kWh Tariff Cut Amid Renewable Energy Policy ReviewHuawei Digital Power and CNI Drive Sustainability at Solar PV & Energy Storage DialogueAmazon, Google, Meta and Dow back goal to triple nuclear capacityCERAWEEK ANALYSIS Small Nuclear Power Struggles at Cusp of US Electricity Demand BoomExxon Bets Big on Natural Gas in Its Eighth Guyana Oil ProjectOil Prices Rebound on Weaker U.S. DollarBluPine CEO Discuss Sustainable Gujarat Vision at GCCI Summit, Emphasizing Commitment to ESG and Clean EnergyOil CEOs Celebrate Trump’s Pivot Back to Fossil FuelsUS Approves Permit Extension for Delfin LNG Export ProjectOil CEOs Back Trump’s Energy Agenda as Crude Hits Fresh LowVenture Global Flop Swiftly Wipes Out $39 Billion After IPOMexico’s Pemex Prioritizes Refining as it Diverts Heavy Oil Away From GulfTrump Says He Will Double Tariffs on Canada Metals to 50%Conoco CEO Says US Oil Production Will Plateau This DecadeOccidental Petroleum Sees US Oil Output Peaking in Next Five YearsU.S. LNG Developers Seek Higher Delivery Prices as Costs SurgeIndonesia Doubles Capacity of New Refinery Projects to 1 Million BpdIEA: The World Needs Upstream Oil and Gas InvestmentUAE Minister and ADNOC CEO Dr. Sultan Al Jaber Calls for Positive Energy and Pragmatic Actions to Drive Global Growth and AI Advancement at CERAWeekBCGA President agrees Luxfer sales directorshipWasteFuel and ITC plan green methanol biorefinery in TurkeyOil CEOs Back Trump’s Energy Agenda as Crude Hits Fresh LowUS Stock Market Loses $4 Trillion in Value as Trump Plows Ahead on TariffsTesla Stock Price Tumbles on Sales Estimates PullbackGlobal Oil Supply Growth is Outstripping Demand, Gunvor CEO SaysIndia’s Clean Energy IPOs Plummet as Valuations SinkKazakhstan in Talks With Big Oil to Cut OutputPanama Canal Considers Pipeline to Ship Gas to AsiaMesser plans €60m ASU investment at Belgian portMesser plans €60m ASU investment at Belgian portEurope launches six-week consultation on Clean Industrial DealARC signs long-term LNG supply deal with ExxonMobil LNG Asia PacificNautilus Solar Surges In 2024, Leading The Community Solar MarketAligned Climate Capital Closes $85M Fund To Boost Clean Energy StartupsGS Power Partners Secures $22M Financing From Amalgamated BankAdapture Renewables Expands with 110 MW Solar-Battery Deal from Samsung C&T RenewablesEuropean Energy Finalizes Sale of Two Renewable Projects In LithuaniaBP Reveals Another Discovery Offshore EgyptU.S. Supreme Court Rules In Favor Of Climate Lawsuits Jeff Currie: The World Has Reached Peak Oil TradeBaker Hughes Dashes Hopes That Oil Producers Will Increase 2025 SpendingTrump Eyes Metal Refineries on Military BasesSpiritus secures $30m to scale its direct air capture techVideo: “The supply chain is the biggest challenge – and opportunity”Europe approves hydrogen funding for Austria and LithuaniaDecarbonisation tech “highly inflationary,” warns BlackRock CEODecarbonisation tech “highly inflationary” warns BlackRock CEOBlackRock CEO Fink Says Nationalistic US Policies to Stoke InflationNewcleo, Danieli aim to decarbonise steel productionPulsar Fusion unveils nuclear fusion rocket concept for space travelLloyd’s Register to help with deployment of Prodigy microreactorsContracts signed for first two Bailong unitsKHNP, Samsung C&T team up for global nuclear projectsBaker Hughes Says Oil Producers Unlikely to Increase Spending This YearUS Energy Secretary Pleased with OPEC Actions So FarChevron CEO Urges Durable, Not Extreme US Energy Policy SwingsSoaring US Power Demand a Big Challenge, US Energy Secretary SaysU.S. Congress Bill Aims to Prevent Funding of Invasion of CanadaADNOC Mulls International Listing of Its New $80-Billion Energy Firm

US Oil Production Falls in November From Record High in October, EIA Says

Business & Policy
January 31, 2025

(Reuters) – U.S. crude oil production fell by 122,000 barrels per day in November to 13.314 million bpd, down from a monthly record high of 13.436 million bpd in October, the U.S. Energy Information Administration said in its petroleum supply monthly report on Friday.

Product supplied of crude oil and petroleum, EIA’s way of measuring demand, fell by 775,000 bpd to 20.235 million bpd in November, the lowest since April 2024, the data showed.

That compares with a monthly product supplied of crude oil and petroleum record high of 21.666 million bpd in August 2005.

Product supplied of finished motor gasoline fell by 260,000 bpd to 8.808 million bpd in November, the lowest since February 2024, while product supplied of distillate fuel oil fell by 383,000 bpd to 3.676 million bpd in November, the lowest since June 2024.

Reporting by Scott DiSavino and Liz Hampton; Editing by Rod Nickel