The US will cut oil deliveries by up.
The move will be announced at a US Energy Information Administration (EIA) briefing on Wednesday.
Oil prices rose to a five-year high on Tuesday, buoyed by a glut of supply.
US shale oil production hit its highest level in two years last month.
The White House has been urging a steep cut in US oil imports.
US President Donald Trump has repeatedly said the US will have to import more oil from other countries to maintain economic competitiveness.