The U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released last month, sees U.S. crude oil production, including lease condensate, rising to an average of 13.42 million barrels per day in 2025.
New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025.
Curious Minds Corner
What major road-building material is a direct byproduct of oil refining?
Asphalt (bitumen), the black, sticky substance used to pave most roads, is derived from the heavier fractions of crude oil.