US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record
Green Car Congress
MARCH 10, 2021
The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 In March 2020, crude oil prices decreased because of the sudden drop in petroleum demand that resulted from the global response to the coronavirus (COVID-19) pandemic.
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