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US energy production
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US energy production hits new record high

America produced 103 quadrillion British thermal units of energy last year.

The US produced more energy last year than ever before, reaching a nationwide total of more than 103 quadrillion British thermal units, according to data from the US Energy Information Administration published Monday. This marks a 1% increase from the previous all-time high set in 2023.

The EIA report found that domestic production records were broken across a number of major primary energy sources, including biofuels, solar, wind, crude oil, and the largest source of energy in the US since 2011, natural gas.

While natural gas still accounted for ~38% of total energy production in the US last year, there was no significant increase in production from 2023. Though America remains the world’s top producer of crude oil, hitting a record 13.2 million barrels per day in 2024, this was only up 2% from the year before.

Coal shoulder

At the same time, the production of coal — which was the largest source of energy in the US from 1984 until 2010 — slumped to its lowest annual output in 60 years, down 10% from 2023. 

As the US has moved to gradually replace coal with other energy sources, China, the world’s largest energy producer, continues to drive up global production — and consumption — of the most carbon-intensive fossil fuel. In fact, the International Energy Agency estimates that China consumes 30% more coal than the rest of the world combined.

On a greener note, the EIA detailed that total renewable energy production also hit a new high last year, as biofuels (up 6%), wind (up 8%), and solar (up 25%) production all saw year-over-year increases and broke previous records.

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US and Iran trade strikes overnight amid peace talks

Hours after President Donald Trump dismissed a report regarding a deal to restore traffic through the Strait of Hormuz, the US and Iran exchanged fresh strikes early on Thursday.

Despite an ongoing ceasefire as the countries hold talks to end the conflict, the US carried out new strikes inside Iran, The Guardian reports, prompting a retaliatory attack from Iran on a US airbase in Kuwait.

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Tom Jones

The UAE’s OPEC exit will hit the group in the barrels

After just shy of 60 years in OPEC, its membership even predating its status as a nation-state, the United Arab Emirates yesterday announced its shocking departure from the oil production group, effective May 1, as the knock-on effects of the Iran war continue to play out across the Middle East and the energy landscape.

For context, the UAE produces the third-highest amount of oil in the group, per April data and OPEC’s latest set of annual statistics.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

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