U.S. Production & Exports of Crude Oil & Petroleum Products Hit New Record in 2024, Imports Dipped Further, SPR Refilling Halted in February

The new mantra among frackers: “Discipline” to not trigger another oil-price collapse through overproduction. Drill Baby Drill, but not too fast. By Wolf Richter for WOLF STREET. Crude oil production in the US rose by 2.5% in 2024, and by 165% since 2008, to a record 13.3 million barrels per day…