Due to economic responses to the pandemic, US energy production dropped by 5 percent last year, marking the steepest annual decline on record, the US Energy Information Administration (EIA) said on Thursday.
The EIA calculates and compares different types of energy reported in different physical units such as barrels or cubic feet by converting sources of energy to common units of heat, called British thermal units (Btu).
Due to plunging drilling activity amid low oil prices, US crude oil production fell by nearly 1 million barrels per day (bpd) last year, registering the largest annual decline in history, the EIA said earlier this year.
Also on rt.com Oil nears $ 70 buoyed by summer demand outlook & US inventories drop
In 2020, US crude oil production averaged 11.3 million bpd, dropping by 935,000 bpd—or 8%—compared to the record-high annual average of 12.2 million bpd in 2019.
Less than two months after American crude oil production reached a peak of 12.8 million bpd in January 2020, oil prices collapsed in March, leading to production shut-ins over the following months, and to the lowest average monthly production for 2020 in May, when US output was just 10 million bpd, according to EIA’s estimates.
US coal production also booked its largest annual decline on record last year, falling by 25% to less than 11 quads, the EIA said today.
Natural gas production also dropped in 2020, by 0.6 quads, or by 2%.
US renewable energy production, however, rose by 2% to a record-high 11.8 quads in 2020, due to higher electricity generation from wind and solar, the EIA said.
This post originally appeared on RT Business News