US crude to average 10.7 million bpd
This year’s production average would be highest on record, topping 9.6 million bpd in 1970; EIA forecasts 11.3 million bpd in 2019
U.S. crude oil production is, as projected, at record levels and forecast to go even higher, the U.S. Energy Administration said March 6 in its Short-Term Energy Outlook.
“EIA estimates that U.S. crude oil production averaged 10.3 million barrels per day in February, up by 230,000 from the January....
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Brent down from January
Natural gas production increasing
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