EIA raises US crude production forecastNext year’s average of 8.7 million bpd up 0.1 million bpd from October; Brent expected to average $48 in fourth quarter, $51 in 2017 KRISTEN NELSON Petroleum News
The U.S. Energy Information Administration expects U.S. crude oil production, which averaged 9.4 million barrels per day in 2015, to average 8.8 million bpd this year and 8.7 million bpd in 2017, with the 2017 forecast up more than 100,000 bpd from the agency’s October forecast.
“Although average a....
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Brent close to $48 US crude production rising
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