the United States passed the peak of oil production, this was stated by the head of the shale company Parsley Energy Matt Gallagher in an interview with the Financial Times.

According to him, the country will not be able to produce 13 million barrels of oil per day. According to the US Department of energy, the most in the history of the country was mined in November 2019 12.9 million barrels per day, and in February of this year — 12.8 million barrels.

Earlier analytical company ShaleProfile Analytics said that the US is at risk of losing up to a third of shale oil production. The reasons for this are the falling prices for raw materials and a record decline in the number of operating rigs (up to 318 units). 15 of the largest shale companies in the country have cut their budgets for development of new fields by an average of 48 percent.

oil Prices fell amid lower demand due to pandemic coronavirus and unsuccessful first trade OPEC+ Russia and Saudi Arabia. For most American firms mining unprofitable when the cost of raw materials is below $ 40 per barrel.

However, analysts IHS, Markit said that stability in the oil market will be destroyed, when oil prices reach this level, because the us shale producers did not take commitments on cuts within OPEC+.