17:05 - 11.06.2025

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June 11, Fineko/abc.az. In the 4th quarter of 2026, oil production in the U.S. may decrease to 13.3 million b/d.

ABC.AZ informs that this follows from the forecast of the U.S. Energy Information Administration (EIA).

This will be the first reduction in production since the beginning of the COVID-19 pandemic.

Currently, the U.S. is producing a record of 13.5 million b/d of oil. However, data from oilfield services company Baker Hughes shows that 442 drilling rigs were operating in the country last week, which is 50 fewer than a year earlier. This is the lowest number of drilling rigs since October 2021.

Mining companies are responding to lower oil prices by reducing capital expenditures, including drilling costs. The EIA predicts a further drop in prices: by the end of 2025, they may drop to $61 per barrel, and in 2026 to $59.

The current price of WTI crude oil is slightly less than $65 per barrel, which is already below the profitability level for shale deposits.