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U.S. Crude Oil Output Falls Most Since January, Strategic Reserves Hit Lowest Level Since 1983

2026-07-22 14:33:16

According to EIA data, as of the week ending July 17, U.S. domestic crude oil production declined at the steepest rate since the week of January 30, 2026. In the same period, the Strategic Petroleum Reserve inventory dropped to its lowest level since the week of March 25, 1983.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

U.S. Oil Refinery Utilization Rate Falls 0.1% in Week of July 17, EIA Data Shows

U.S. Crude Oil Production Falls 58,000 Barrels/Day in Week to July 17: EIA

U.S. Refinery Crude Oil Inventory Declines to 1.395M Barrels Week Ended July 17, Beats Expectations

U.S. Crude Oil Production Slips to 19.317M Bpd for Week Ending July 17

U.S. Strategic Petroleum Reserve Falls 5.057M Barrels in Week Ending July 17

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Cramer Calls Stocks 'Miserable' as Oil Jumps 9.4%, Fed Holds Hawkish Stance

Lucas Bennett07-21 12:49

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