US oil production, which has steeply declined as low prices forced shut-ins, will reach a bottom of around 10.7 million barrels per day (bpd) in June, a two-year low, Rystad Energy estimates, before it starts to slowly recover. Still, US monthly output is not likely to exceed 11.7 million bpd before 2022, a staggering difference from the nearly 12.9 million bpd achieved in March 2020.
It was just months ago that US oil production was at an all-time high and seemed unstoppable. In November 2019, production reached 12.884 million bpd, only marginally higher than 12.855 million bpd in March.
https://www.rystadenergy.com/newsevents/news/press-releases/us-oil-output-set-to-bottom-out-in-june-will-not-recover-to-pre-covid-19-levels-in-2021/
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