EIA forecasts 2017 US crude oil production to rise by 500,000 bpd - Reuters

Eren Sengezer FXStreet

Reuters is reporting the key takeaways from the latest EIA report:

U.S. crude oil production to rise by 500,000 bpd (vs 460,000 bpd gain previously) - 2017
U.S. crude oil production to rise by 560,000 bpd (vs 570,000 bpd previously) - 2018
U.S. oil demand growth by 340,000 bpd (vs 310,000 bpd previously) - 2017
U.S. oil demand growth by 330,000 bpd (vs 360,000 bpd previously) - 2018

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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