U.S. natural gas production remained flat in 2024
U.S. marketed natural gas production remained relatively flat in 2024, growing by less than 0.4 billion cubic feet per day (Bcf/d) compared with 2023 to average 113 Bcf/d, according to our latest Natural Gas Monthly. Production growth in the Permian was offset by declining production in the Haynesville and relatively flat production in Appalachia.
U.S. crude oil production rose by 2% in 2024
U.S. crude oil production grew by 270,000 barrels per day (b/d) in 2024 to average 13.2 million b/d, according to our Petroleum Supply Monthly. Almost all the production growth came from the Permian region.
U.S. energy consumption growth decreases in the near term in the latest AEO
U.S. energy consumption decreases in the next several years before increasing again in the early 2040s through 2050, according to our recently published Annual Energy Outlook 2025 (AEO2025). U.S. energy consumption in 2050 is lower than in 2024 in most of the scenarios we explore in AEO2025, but the range of outcomes varies significantly based on the underlying assumptions.
U.S. crude oil exports reached a new record in 2024
U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d). Despite this new record, crude oil export year—over—year growth slowed to 1% in 2024, compared with 14% in 2023 and 21% in 2022.
U.S. production of all types of coal has declined over the past two decades
In 2023, the United States produced 578 million short tons (MMst) of coal, or less than half of the amount produced in 2008 when U.S. coal production peaked, according to our most recent Annual Coal Report. The production decline is spread almost evenly across each type of coal and continued in 2024. Rising mining costs, increasingly stringent environmental regulations, and competition from other sources of electric power generation have contributed to domestic coal production declines.