In its latest monthly report, US Energy Information Administration (EIA) has reviewed its forecast for oil production in the US, says Commerzbank raw material analyst Carsten Fritsch.
The drilling activity in the US has fallen significantly since mid -March
“An increase of more than 200 thousand barrels per day is still expected for this year. However, this is only because the production in the first half of the year was higher than expected above. Consequently, the production reached its maximum point in April with 13.59 million barrels per day. Previously, the EIA had hoped that this happened in December 2025 with 13.7 million barrels per day. The new forecast at the end of the year is around 250 thousand barrels per day less than the previous one.
“As a result, oil production in the US is expected to ave USA has fallen significantly since mid -March and, according to Baker Hughes data, it has been at its lowest level since autumn of 2021 with 442 active oil platforms. “
“Even the easiest access to drilling permits by the US government can do little to change this. The mantra of the American president Trump, ‘perforates, baby, drilling!’ It is therefore reaching its limits. USA Saudi Arabia will probably be justified in its decision to further increase production in the coming months. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
