The US expects domestic crude oil production to drop next year for the first time since 2021, which is a blow to US President Donald Trump's push for US energy dominance. According to the “Short-Term Energy Outlook” released by the US Energy Information Administration on Tuesday, crude oil production is currently expected to drop from about 13.42 million barrels in 2025 to 13.37 million barrels per day in 2026. Trump has said that US crude oil producers will vigorously exploit it, and declared an energy emergency at the beginning of his second term in order to increase production. However, several shale oil companies have warned that weak oil prices will have an impact on production, and producers such as Diamondback Energy Inc. say production has peaked.

The US expects domestic crude oil production to drop next year for the first time since 2021, which is a blow to US President Donald Trump's push for US energy dominance. According to the “Short-Term Energy Outlook” released by the US Energy Information Administration on Tuesday, crude oil production is currently expected to drop from about 13.42 million barrels in 2025 to 13.37 million barrels per day in 2026. Trump has said that US crude oil producers will vigorously exploit it, and declared an energy emergency at the beginning of his second term in order to increase production. However, several shale oil companies have warned that weak oil prices will have an impact on production, and producers such as Diamondback Energy Inc. say production has peaked.