Below are the key highlights, via Reuters, from the monthly report published by the U.S. Energy Information Administration.
- U.S. Crude oil production to rise by 1.31 million bpd (cut from 1.44 million bpd in July).
- U.S. Crude oil production to rise by 1.02 million bpd in 2019 to 11.80 (increased from 1.01 million bpd previously).
- U.S. Oil demand growth to rise by 290,000 bpd in 2019 (vs 330,000 bpd previously).
- U.S. Oil demand growth to rise by 470,000 bpd in 2018 (unchanged versus July).
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