Will any four-week average of US field production of crude oil exceed 12 million b/d in 2021?
US oil production fell a record 8% in 2020 during the COVID-19 pandemic (EIA, USA Today). The outcome will be determined using the "4-Week Avg U.S. Field Production of Crude Oil" data (which is displayed in thousands of barrels per day) as reported by the Energy Information Administration (EIA) (EIA). A weekly figure must have its "End Date" in 2021 to count. In June 2021, the EIA forecasted domestic production would reach an average of 11.38 million barrels per day (million b/d) in the fourth quarter of 2021 (EIA STEO June 2021, see Table 4a).