US Oil Production Faces First Decline in Five Years as Rig Counts Plummet

US crude oil production will decline in 2027 for the first time in six years, ending a run of record output that made the nation the world’s largest oil producer. The Energy Information Administration projects US crude production will remain near the 2025 record of 13.6 million barrels per day in 2026 before falling 2% […] The post US Oil Production Faces First Decline in Five Years as Rig Counts Plummet appeared first on the deep dive.