Oil in the U.S. fell for the first time in nearly 5 years – Economy | BelarusVC
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Oil in the U.S. fell for the first time in nearly 5 years

Reduction in production compared to the previous year

Oil in the U.S. fell for the first time in nearly 5 years

According to the latest data, U.S. oil production has shown a negative year-on-year trend for the first time in nearly five years. Growth rates have given way to decline: American oil production has decreased compared to the same period of the previous year.

Context

In 2021, oil production in the United States continued to grow, becoming a vivid example of sustainable production at the beginning of the country's ongoing energy transformation.

Summary:

U.S. oil production has declined compared to the same period last year, for the first time in nearly five years.