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Last updateMon, 21 May 2018 1pm

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U.S. Raises Crude Output Forecast for 2018-2019

The U.S. Energy Information Administration (EIA) estimates that U.S. crude oil production averaged 10.5 million barrels per day (b/d) in April, up 120,000 b/d from the March level. EIA projects that U.S. crude oil production will average 10.7 million b/d in 2018, up from 9.4 million b/d in 2017, and will average 11.9 million b/d in 2019, 0.4 million b/d higher than forecast in the April Short Term Energy Outlook. In the current outlook, EIA forecasts U.S. crude oil production will end 2019 at more than 12 million b/d. 

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