Bulletin Updates

Oil production in US to rise in the next two years – 25 Jan 2022

Jan 25, 2022

After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil and coal) increased by 2% in 2021 to 77.14 quadrillion Btu

Based on forecasts in the US Energy Information Administration’s (EIA) latest ‘Short-Term Energy Outlook’ (STEO), US fossil fuel production is expected to continue rising in both 2022 and 2023, surpassing production in 2019, to reach a new record in 2023

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