The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play.
The Energy Information Administration sees U.S. crude output averaging 11.8 MMbpd in 2019, up from its 11.76-MMbpd estimate in the June outlook.
“In 2019, EIA forecasts that the United States will average nearly 12 MMbbl of crude oil production per day,†said Linda Capuano, Administrator of the EIA. “If the forecast holds, that would make the U.S. the world’s leading producer of crude.â€
Source: World Oil