U.S. Crude Oil Production May Decline

Former U.S. President Donald Trump had pledged to establish "American energy dominance" during his second term. However, a decline in the number of active rigs and slower drilling activities could pose a major obstacle to realizing that plan. According to the recently published Short-Term Energy Outlook by the U.S. Energy Information Administration (EIA), the country’s daily crude oil production may drop slightly to 13.37 million barrels in 2026—about 50,000 barrels less than in 2025. This information was reported by The Hindu Business Line, citing Bloomberg.