The Kobeissi Letter(@KobeissiLetter):BREAKING: Total US production of crude oil and petroleum products rose by +254,000 barrels per day in April, to a record 21.84 million barrels per day. YoY, total production surged +1.01 million barrels per day, or +4.9%. Crude oil production alone increased by +216,000 barrels per day in April, to a record 13.93 million barrels per day. Since the 2008 Financial Crisis, total US petroleum output has QUADRUPLED. Over the same period, crude oil production has soared +250%. US oil production is booming.

The Kobeissi Letter

@KobeissiLetter

Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com

Joined June 2015

591 Following 2.5M Followers

The Kobeissi Letter@KobeissiLetter

2026.07.01 19:12

BREAKING: Total US production of crude oil and petroleum products rose by +254,000 barrels per day in April, to a record 21.84 million barrels per day. YoY, total production surged +1.01 million barrels per day, or +4.9%. Crude oil production alone increased by +216,000 barrels per day in April, to a record 13.93 million barrels per day. Since the 2008 Financial Crisis, total US petroleum output has QUADRUPLED. Over the same period, crude oil production has soared +250%. US oil production is booming.