The difference between the U.S. and other major producers of crude oil widened in 2025, according to International Energy Statistics database and U.S. Energy Information Administration analysis. EIA said July 9 that Russian output last year was mostly unchanged (9.9 million b/d), and Saudi Arabia reported modest growth (9.6 million b/d) to trail U.S. (13.6 million b/d). Canada was fourth at 5.0 million b/d followed by Iraq, China, Iran, United Arab Emirates, Brazil and Kuwait.
EIA said U.S. crude oil production is forecast to remain near 13.7 million b/d this year before increasing to 14.2 million b/d in 2027. And parallel to the growth in crude oil production, U.S. associated natural gas production also has surged – driven by activity in oil-dominant plays such as the Permian Basin. The EIA said, “This abundance of associated gas has continued to support domestic natural gas-fired electricity generation and growing natural gas exports.”