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EIS lowers 2015 US crude oil production growth forecast
The US Energy Information Administration (EIA) has lowered its 2015 US crude oil production growth forecast to 650,000 b/d, down from 750,000 b/d, and also expanded the expected production decline for 2016 to 400,000 b/d from 150,000 b/d previously. While US crude oil production this year is expected to be 100,000 b/d less than previously forecast, oil output is still on track to be the highest since 1972, the EIA said.
News Item details
Journal title: Petroleum Review
Keywords: Forecasting
Countries: USA -
Organisation: Energy Information Services
Subjects: Crude oil
