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 60/100
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.
- U.S. crude oil exports to Canada averaged 383,000 barrels per day in 2025, 2% less than in 2024.
- Increased utilization of the Trans Mountain Expansion pipeline partly reduced Canadian crude exports to the U.S. in 2025.
- Brent crude oil prices averaged $69 per barrel in 2025, $11/b lower than in 2024.
STRUCTURED DISSENT