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EIA forecasts U.S. crude oil production to fall in 2020 and 2021
The U.S. Energy Information Administration (EIA) expects U.S. crude oil production to fall in 2020 and 2021 as efforts to mitigate the spread of the 2019 novel coronavirus disease (COVID-19) continue to result in a steep drop in demand for petroleum products and crude oil prices. In its May Short-Term Energy Outlook (STEO), EIA forecasts that U.S. crude oil production will average 11.7 million barrels per day (b/d) in 2020 and 10.9 million b/d in 2021. These levels would be 0.5 million b/d and 1.3 million b/d, respectively, lower than the 2019 average of 12.2 million b/d.

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