New Delhi, May 14 -- United States may reduce its oil production which could lead to an annual decline in output in 2026 due to the sluggish demand and falling crude prices, according to a new analysis by S&P Global Commodity Insights.

The report further added that slowing global oil demand, extreme uncertainty about the future of US trade and a coming supply surplus are expected to hobble US oil production growth.

The S&P Global Commodity Insights Global Crude Oil Markets Short-term Outlook adds that global oil (total liquids) demand growth to average 750,000 barrels per day (b/d) in 2025, a downward revision of 500,000 b/d from the prior outlook.

"Although the magnitude of a potential economic and oil demand downturn is as uncertain ...