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2017-06-08 17:50:00

2018 U.S. OIL PRODUCTION: 10 MBD

2018 U.S. OIL PRODUCTION: 10 MBD

BOE - U.S. crude production will average more than 10 million barrels a day for the first time in 2018, breaking a record almost five decades old and keeping prices from rising as much as previously estimated, government forecasts showed Tuesday.

Output will average 10.01 million barrels a day next year, topping the previous high of 9.6 million in 1970, according to the Energy Information Administration's monthly Short-Term Energy Outlook. That's up from 9.96 million barrels projected in May. The agency cut its 2018 forecast for West Texas Intermediate…

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Tags: USA, OIL, GAS, PRODUCTION
Chronicle:
2018 U.S. OIL PRODUCTION: 10 MBD
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