Benchmark · weekly · Thousand Barrels per Day

U.S. crude oil production

Where does weekly U.S. crude oil production sit relative to its five-year seasonal average?

This page shows U.S. field production of crude oil (EIA series WCRFPUS2). Each week is compared to the same week in the five full years before that week. The chart shows the five-year seasonal average only. It does not show a min or max range. A reading above the five-year average is high for the season. A reading below is low for the season. Production moves with drilling, weather and outages more than a smooth seasonal cycle, though freeze-offs and maintenance create winter dips. This is a seasonal gauge. It is not a price forecast.
Readingsweekly
Current
13804.00Thousand Barrels per Day
Five-year average
12515.00Thousand Barrels per Day
Gap to average
+1289.00 Thousand Barrels per Day
vs 12515.00 five-year avg
YoY change
+490.00 Thousand Barrels per Day
from 13314.00
Historical percentile
99th
of 2271 readings · since 1983-01-07
U.S. crude oil production
Data through 31 July 2026
2,0004,0006,0008,00010,00012,00014,00016,0007 Jan 198311 Oct 199123 Jun 20006 Mar 200917 Nov 201731 Jul 2026
U.S. crude production
Five-year average
U.S. crude oil production: summary statistics (Max range)
SeriesFirstLatestMinMax
U.S. crude production8634.0013804.003813.0013862.00
Five-year average8740.6712515.004640.2712515.00
Source
EIA
Frequency
weekly
Data through
31 July 2026
Refreshed
11 Aug 2026
Copy as markdown

How this is calculated

Formula
seasonalAverage(t) = mean of same EIA week (±1 week) in the five complete years before t

Weekly U.S. field production of crude oil (EIA series WCRFPUS2), plotted against the five-year seasonal average only for the same calendar week. The reference uses the same EIA week number (plus or minus one week) in the five full calendar years before each observation. The current year never enters its own baseline. Each reference year contributes the mean of its tolerated observations. The average line starts once a five-year window exists.

As of 31 July 2026, the latest readings are U.S. crude production at 13804.00 Thousand Barrels per Day and Five-year average at 12515.00 Thousand Barrels per Day. The U.S. crude production line is up 3.9% over the past year and above its long-run median of 7261.00 Thousand Barrels per Day.

How to read it

What a high or low reading means

A reading above the five-year average means the U.S. is producing more crude than it did in the same week of recent years. A supply-side headwind for prices, all else equal. A reading below the band flags lost supply: winter freeze-offs in Texas, Gulf of America hurricane shut-ins, or a pullback in drilling. Because production is the supply line of the U.S. balance, the level versus the seasonal norm is the first question the weekly report answers.

Why the five-year same-week average as the comparator

Energy series move with the calendar year. A raw level cannot say if the market is tight or slack. This page ranks each week against the same week in the five full years before it. A July reading is judged against prior Julys, not against the full year. The baseline uses only earlier years. The current year never enters its own baseline. The rule allows one week of tolerance when holidays shift the report week.

How the seasonal lines are built

For each date, the reference is the same EIA week number (plus or minus one week) in the five full calendar years before it. Each reference year adds one value (the mean of its tolerated observations). The five-year average uses those yearly values. This page plots the average only. The average line starts once a five-year window exists and rolls forward.

Limitations

The five-year average moves as history rolls forward. Source revisions can move history. Crude production is one input to the market balance. Prices also move on the weekly surprise versus expectations, not on the level alone. Treat the chart as context for supply and demand conditions, not investment advice.

How this benchmark is used

The shale plateau debate

Weekly production against its seasonal band is how the market tracks whether U.S. output is still growing. The shale-era records of 2023-24 were each tested against the five-year line. Productivity gains and drilling pullbacks show up here weeks before monthly EIA data confirms them, which is why the weekly number moves WTI.

Same-week seasonal average

This page uses a same-week rule over five full prior years. It allows one week of tolerance. The current year is excluded. It plots the seasonal average only. Compare the reading to the average line, not to a min or max range.

Frequently asked questions

6 answers
What is the current U.S. crude oil production?

As of 31 July 2026, the latest readings are U.S. crude production at 13804.00 Thousand Barrels per Day and Five-year average at 12515.00 Thousand Barrels per Day. The U.S. crude production line is up 3.9% over the past year and above its long-run median of 7261.00 Thousand Barrels per Day.

How often is this benchmark updated?

This benchmark is built on weekly data. The page is refreshed when the source publishes new observations; the freshness block below the chart shows the exact data-through date and when PIER20 last fetched the file.

What data sources does this chart use?

The chart is built from U.S. crude production and Five-year average, sourced from the U.S. Energy Information Administration (EIA).

What is the highest and lowest Crude production has reached?

The percentile cell ranks the latest reading against the full sample. The 100th percentile is the highest on record. The 0th is the lowest. This page charts the five-year seasonal average only. Read extremes from the full history and the percentile cell.

How is this different from refinery crude inputs?

Production is the supply line out of the ground; refinery inputs are the demand line into the refining system. The two converge through storage and trade: when production runs above inputs, stocks build or exports rise. The crude production vs refinery inputs page charts the pair directly.

Why does the five-year average only start five years into the history?

A baseline needs five full prior years of observations. The current year never enters its own baseline. The first five years of a series have no complete reference window. Earlier readings plot without a seasonal reference.

MarkdownMachine-readable version of this benchmark

Run one idea in minutes.

One tested idea, through the evidence stack. No migration of any kind.

Run one idea
Film: return to water