CLAIM · ASSESSED ~ · CONFIDENCE 0.62SINGLE ORIGIN AT PUBLISH
US crude oil production averaged 13.796 million bpd for week ending July 24, 2026, down from 13.798 million bpd prior week, per EIA.
WHY THIS MATTERS · This matters because oil prices set the cost of everything shipped and the revenue of petrostates, and the current tug-of-war between weak Chinese demand and Middle East war risk decides whether inflation eases or spikes worldwide.
Part of the monitored dynamic Global Oil Markets · VUCA INDEX 54/100
EVIDENCE CHAIN · 1
INGESTED ARTICLETIER 2JUL 31
oilprice.com — US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel
"US crude oil production averaged 13.796 million bpd during the reporting period, down from 13.798 million bpd last week and up 482,000 bpd from a year ago."
PROVENANCE
Extracted by pipeline v0.5 (claude-opus-4-8) from oilprice.com · approved by christopher@vucanews.com AUG 2.
Extracted JUL 31; approved AUG 2 at 0.62.
MORE FROM THIS DYNAMIC
- US total active oil and gas rig count rose to 588, up 48 from a year earlier, per Baker Hughes.
- Brent traded at $89.95 and WTI at $84.67 on Friday, with Brent down $6 week-over-week.
- Brent crude futures rose 2.4% to US$90.19 a barrel amid escalating US-Iran hostilities.
- Brent crude rose to $92 per barrel, its highest level since June 11.
- US national average gasoline hit $4 a gallon Monday, first time since June 17, per AAA.
STRUCTURED DISSENT