Standard Chartered: U.S. Oil Output at All-Time High, But Growth Seen Slowing Down

SEATTLE (Oil Monster): In a recent analysis, Standard Chartered Bank analysts pointed out that U.S. oil output is at an all-time high and that growth is expected to halt.

The Energy Information Administration (EIA) reports that in June 2025, the total amount of crude oil produced in the United States reached a record high of 13.58 million barrels per day. This is 50,000 barrels per day more than the previous record, which was established in October 2024.

An examination of the trend from year to year, however, shows a definite decline in the jump in production. For example, Texas's production decreased by 33,000 barrels per day annually. The production has already fallen by 109,000 barrels per day from its peak of 5.832 million barrels per day in October 2024.

According to the analysis, U.S. production will reach its highest point in nine months, at around 14.34 million barrels per day in March 2026, before beginning to fall. The number of oil rigs in the United States has decreased from its year-to-date peak of 488 in mid-February to 410 in early August, according to Baker Hughes. For the last four weeks, it has stabilised in the interim.

The productivity per rig for new wells has also grown, according to the analysts, from about 800 barrels per day in 2022 to early 2023 and then to over 1,000 barrels per day in mid-2025.

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