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American oil production will fall next year for the first time since the Pandemic COVI-19, according to a forecast of the government which will throw a new doubt about the “energy domination” agenda of Donald Trump.
The Energy Information Administration, a division of the energy department, said on Tuesday that the production of US oil would go from a record summit of 13.5 million barrels per day to around 13.3 million barrels by the end of next year, while the prices of oil which collapse vibrate the sector.
“With fewer active drilling platforms, we plan that American operators drone and will finish fewer wells until 2026,” EIA said in a monthly report published on Tuesday. Active platforms had “decreased much more” than expected in a previous report, he said.
Dark official forecasts occur only a few months after Trump was re -elected following a presidential campaign in which he promised to “release” American drilling, promote more oil production and reduce energy prices.
Over the past two decades, the shale arrow has made the United States the largest oil and gas producer in the world, upsetting the global raw materials markets while nourishing the national industry with a constant flow of inexpensive energy.
Annual production dropped for the last time in 2021, during the Pandemic COVID-19 during Trump’s first term, but recovered as oil prices increased during the administration of Joe Biden.
The new government forecasts, which echoes the predictions of shale leaders, underline the constraints that the sector is faced with the increase in the supply of OPEC + cartel and anxiety about the impact of Trump’s commercial wars on the global economy, lower crude prices.
Trump prices on steel and aluminum imports have also increased steel costs and other crucial inputs in the petroleum sector, pressing the forest margins, according to managers.
Petroleum service company Baker Hughes last week said that the number of oil platforms operating in the United States was down to 442, a decrease of nine in a week and 50 less than a year earlier.
West Texas Intermediate, the American oil reference, set up at $ 64.98 per barrel on Tuesday, down 17% from the summit of this year – and below the necessary price by many shale drivers to break. The EIA said that international oil prices would fall at less than $ 60 / B in 2026.
“The current administration provokes a lot of chaos. I am really concerned that there is no plan,” said last week in charge of the investment capital company, one of the biggest investors in the shale patch, said last week at the Energy Capital Conference in Houston.
Some analysts expect the production of American oil to fall more strongly in the coming months. S&P Global Commodity Insights This week said that total production could drop from 640,000 B / d from mid -2010 to the end of next year – a drop higher to the total produced by certain OPEC countries.
