The United States has shrunk its oil production forecast in 2020 by more than 1 million barrels per day, as crude oil prices collapse and weakening demand threatens to halt production in the country’s largest fields.

Production is expected to reach an average of 11.76 million barrels per day by December, which is less than the previous forecast of 12.99 million barrels, according to the Energy Information Administration (EIA). In addition, the agency reduced its production expectations in 2021 by 1.6 million barrels per day to just over 11 million barrels per day.

It became clear just days before representatives of OPEC, Russia and other producing countries met to negotiate a round of coordinated production restrictions aimed at ending the historic fall in the price of crude oil.

US President Donald Trump, who is trying to strike a deal to end the price war between Saudi Arabia and Russia, is under pressure from other countries to accede to a global supply reduction deal after prices collapse to their lowest levels for nearly two decades.

The EIA also lowered its forecast for global oil deliveries for 2020 by 2.7 million barrels per day and announced an expected surplus of 11.4 million barrels per day for the second quarter. That goes beyond the shrinking 10 million barrels per day that Trump offered OPEC + in an attempt to stabilize the market.

The US Department of Energy attributes its grim prospects to producing the unprecedented impact of Covid-19 on global demand, coupled with the devastating effects of the ongoing OPEC+ dispute. Secretary of Energy, Dan Brouillette, is confident that both forces are temporary and the market will recover.