America expects its oil production next year for the first time since 2021
The United States expects its domestic production of crude oil to decline next year, for the first time since 2021, at a time for the agenda of US President Donald Trump, which aims to achieve US domination in the energy sector. Production will now fall to 13.37 million barrels per day in 2026, compared to approximately 13.42 million barrels per day in 2025, according to the short -term energy -outlook report issued by the US “Energy Information Administration” on Tuesday. The expectation of production for the next year is a decrease of 120,000 barrels per day from the previous expectations issued in May. Trump has announced that US oil producers will adopt the slogan “dense, dense, dense” and declare an emergency in the energy sector early in its second term in an effort to improve production. But a number of shale oil companies have warned that poor prices will negatively affect production, as companies like Diamondback Energy Inc have said that production has already reached its peak. The excavation activity decreases according to the estimates of the “Energy Information Administration”, and with the decline in the number of active excavators, operators in the United States will dig and complete a number of wells up to 2026. The number of excavations working in the oil drilling in the United States has already dropped in the lowest level in nearly four years, with a scale oil oil companies for a possible decline in global oil demand. The administration said that the production of US shale oil will reach approximately 11.09 million barrels per day next year, a decrease in the previous forecast of 11.25 million barrels per day, powered by the slowdown in the activity in the permetry. In another reference to the slowdown in the shale oil sector, the operators expanded their supplies from the incomplete digging pit (DUC) for the fourth month in a row, in the longest range of increases in the number of these wells since the first days, Corona’s corruption five years ago, according to the number of ‘energy information’. The number of incomplete engraved wells increased by 25 to 5.319 wells in May. It is customary for this number to rise when shale oil is waiting to wait for the improvement of prices before the hydraulic cracks are implemented. The increase in the production of marine fields in return is expected to increase oil production in marine fields to 1.85 million barrels per day in 2026, an increase of about 40 thousand barrels over last month’s expectations, which contributes to partially reducing the impact of the decline in activity in other areas. The administration also expects global oil demand to grow at a slower rate this year. Consumption is expected to rise by 800 thousand barrels a day to 103.5 million barrels per day, compared to previous expectations indicating a growth of one million barrels per day. In another indication of a possible market vaccination, the administration expects the shares to be an increase in more than 800 thousand barrels per day this year, which has been the largest since the administration in January last year began for 2025.