US crude oil output to peak by 2027, EIA projects
ReutersApr 15, 2025 4:39 PM
NEW YORK, April 15 (Reuters) - U.S. oil production will peak at 14-million-barrels-per-day (bpd) in 2027, hold near that level through the end of the decade, and then rapidly decline, the U.S. Energy Information Administration (EIA) said on Tuesday.
Oil output from the world's largest producer will fall to about 11.28 million bpd in 2050, from around 13.69 million bpd this year, EIA said in its Annual Energy Outlook.
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