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EIA Lifts 2019 U.S. Crude Output Growth Forecast

Posted by May 8, 2018

© Christopher Boswell / Photo: Adobe Stock

The U.S. Energy Information Administration said on Tuesday it expects domestic crude oil production in 2019 to rise by more than previously expected.

In its monthly short-term energy outlook, the agency forecast that U.S. crude oil output will rise by 1.14 million barrels per day (bpd) to 11.86 million bpd next year. Last month, it expected a 750,000 bpd year-over-year increase to 11.44 million bpd.

Reporting By Jessica Resnick-Ault

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