U.S. crude oil production hit a fresh record in June, underscoring the strength of the country’s energy sector even as markets weigh global supply concerns.
According to new figures released Friday by the Energy Information Administration (EIA), output rose by 133,000 barrels per day (bpd) to 13.58 million bpd. The increase pushed U.S. production to its highest level on record, cementing its role as the world’s top crude producer.
The data also showed that demand for petroleum products continues to recover. The EIA’s measure of product supplied, a closely watched gauge of consumption, climbed to its highest level since October 2024.
Gasoline demand was particularly strong, with volumes rising to levels not seen since July 2024. The rebound reflects steady summer driving activity across the country, a key seasonal boost for fuel consumption.
Jet fuel saw an even sharper recovery. Product supplied in June reached its strongest point since August 2018, signalling robust demand in the aviation sector as airlines ramped up capacity to meet resurgent travel demand.
The combination of record output and recovering demand paints a picture of resilience in the U.S. oil market, even as producers face higher costs, geopolitical uncertainty, and questions about the longer-term transition to cleaner energy. For now, however, both supply and consumption appear to be gaining momentum heading into the second half of the year.