ʶԳ

Global Oil Production Posts New Record in April

Copyright © 2025 ʶԳ Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Barrels,Crude,Oil,Drums,Storage
High Voltage/Shutterstock

Global liquids output, including refinery gains, hit a record 103.5 million barrels per day in April, up nearly 200,000 barrels per day on the previous monthly record set last November, according to preliminary calculations by ʶԳ. Notably, crude oil production fell on the month to 77.3 million b/d, down 120,000 b/d from March and some 2.5 million b/d below the all-time high set in November 2018 — reinforcing the growing importance of non-crude liquids in meeting global demand. Output of NGLs was 15.9 million b/d in April, down 60,000 b/d, while biofuels production surged by 250,000 b/d to 3.26 million b/d, preliminary data shows.

Topics:
Oil Supply, Opec-Plus Supply, Non-Opec Supply
Wanda Ad #2 (article footer)
Rumors that Shell is evaluating a potential acquisition of its fellow UK supermajor have raised existential questions about the future of BP — takeover or not.
Thu, May 8, 2025
Occidental Petroleum and ConocoPhillips are standing by their previous production guidance despite the recent sharp fall in oil prices — for now, at least.
Thu, May 8, 2025
Crude oil futures rose about 3% on Thursday as traders expressed hope that imminent trade talks between the US and China could yield a breakthrough.
Thu, May 8, 2025