US crude oil production reached 11.3 million b/d in August and was 290,000 b/d higher than expected, according to the US Energy Information Administration’s latest Short-Term Energy Outlook. This higher level of production raised the baseline for EIA’s forecast for 2019 crude oil production, and EIA now expects US crude oil production to average 12.1 million b/d in 2019 compared with a forecast of 11.8 million b/d in the October STEO.

Source: News