US coal production drops to 1.7m bpd, lowest in three years as shale boom takes hold

The US coal industry is expected to shrink by 1.8 million barrels per day (bpd) in 2017, the U.S. Energy Information Administration said on Wednesday.

The agency said the decline in US production from the first quarter of 2017 to the first three months of 2018 will likely result in a decrease of 1.6 million bpd.

The U.N. Food and Agriculture Organization (FAO) also reported on Wednesday that the US coal sector is facing a slowdown, with the world’s biggest producer of coal, the United States, set to have only 0.8% of its total production in 2018.

The FAO said the production decline in the US will likely be a net negative for the economy.

The global coal industry also experienced a slowdown in 2016, and the U