Global price of Dubai Crude
Annual
POILDUBUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.99
Year-over-Year Change
-25.76%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual total oil production in the United States. It is a key indicator of the country's energy supply and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual trend represents the total volume of crude oil and lease condensate produced in the United States over a 12-month period. It is an important metric for understanding domestic energy production and its implications for energy policy, trade, and the broader economy.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
This trend is closely monitored by policymakers, analysts, and industry participants to assess the state of U.S. energy independence and the potential impact on global oil markets.
Key Facts
- The U.S. is the world's largest producer of crude oil.
- Domestic oil production has increased significantly in recent decades due to technological advancements.
- Annual oil production is a key driver of the U.S. trade balance and energy security.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total volume of crude oil and lease condensate produced in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the country's energy supply and economic activity, with implications for energy policy, trade, and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, analysts, and industry participants to assess the state of U.S. energy independence and the potential impact on global oil markets.
Q: Are there update delays or limitations?
A: The Annual trend data is published by the U.S. Energy Information Administration with minimal delays, providing a timely and comprehensive view of U.S. oil production.
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Citation
U.S. Energy Information Administration, Annual Crude Oil and Lease Condensate Production (POILDUBUSDA), retrieved from FRED.