Below are some key takeaways from the monthly report published by the U.S. Energy Information Administration.
- EIA forecasts US oil demand to rise by 230,000 bpd in 2019 (cut from 250,000 bpd previously).
- EIA forecasts 2019 U.S. crude oil output to rise by 1.02 million bpd to 11.76 million bpd (up from 840,000 bpd previously).
- EIA forecasts U.S. oil demand to rise by 450,000 bpd in 2018 (cut from 470,000 bpd previously).
- EIA forecasts U.S. oil demand to rise by 230,000 bpd in 2019 (cut from 250,000 bpd previously).
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