Story perspectives

UK Oil Production Rises as US Inventories Plummet

1/1/2025

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Summary

Story summary

UK petroleum production is expected to reach 0.74 million barrels per day in 2024 and 0.75 million in 2025.
U.S. crude oil inventories decreased by 4.2 million barrels, totaling 416.8 million barrels as of December 20.
Total petroleum stocks dropped by 12.4 million barrels week-on-week but increased by 16.2 million barrels year-on-year.
Gasoline production rose to 9.9 million barrels per day, with distillate fuel production at 5.3 million barrels per day.

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Story summary

UK petroleum production is expected to reach 0.74 million barrels per day in 2024 and 0.75 million in 2025.
U.S. crude oil inventories decreased by 4.2 million barrels, totaling 416.8 million barrels as of December 20.
Total petroleum stocks dropped by 12.4 million barrels week-on-week but increased by 16.2 million barrels year-on-year.
Gasoline production rose to 9.9 million barrels per day, with distillate fuel production at 5.3 million barrels per day.