EIA forecasts 2018 US crude oil production to rise by 1.44 million bpd

Eren Sengezer FXStreet

The U.S. Energy Information Administration has recently published its short-term energy outlook with key quotes, via Reuters, found below.

EIA forecasts 2018 U.S. oil demand growth to rise by 470,000 bpd (cut vs 530,000 bpd previously).
EIA forecasts U.S. Oil demand growth to rise by 330,000 bpd in 2019 (vs 260,000 bpd previously).
EIA forecasts 2018 U.S. Crude oil production to rise by 1.44 million bpd (unchanged from previous forecast in June).
EIA forecasts U.S. Crude oil production to rise by 1.01 million bpd in 2019 to 11.80 (decreased vs 970,000 bpd previously).

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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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