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Record High Production: U.S. crude oil production reached a record high of 13.58 million barrels per day (bpd) in June, marking an increase of 133,000 bpd from the previous month.
Rising Demand for Products: The total product supplied of crude and petroleum products in the U.S. rose by 684,000 bpd in June, reaching 21 million bpd, the highest level since October 2024.
Gasoline Demand Surge: Gasoline demand increased by 205,000 bpd to 9.23 million bpd in June, the highest figure since July 2024.
Jet Fuel Demand Growth: Jet fuel demand also saw significant growth, rising by 84,000 bpd to 1.85 million bpd, the highest level since August 2018.
