U.S. oil output to grow faster than expected to record in 2018: EIA | Reuters

NEW YORK (Reuters) – U.S. crude oil output in 2018 is expected to grow more quickly than previously forecast to a record high, according to a monthly U.S. government forecast on Wednesday.

A pumpjack brings oil to the surface in the Monterey Shale, California, April 29, 2013. REUTERS/Lucy Nicholson
Crude production was expected to rise 1.39 million barrels per day to 10.74 million bpd this year, the U.S. Energy Information Administration said in its Short Term Energy Outlook (STEO).

— Read on www.reuters.com/article/us-eia-monthly-demand/us-oil-output-to-grow-faster-than-expected-to-record-in-2018-eia-idUSKCN1MK241

Leave a Reply