U.S. oil output to rise to 12.9 million bpd in 2020
NEW YORK, (Reuters) - Crude oil output from the United States is expected to rise to a new record of more than 12 million barrels per day (
U.S. crude production is forecast to climb 1.14 million
The United States has become the world's largest crude producer, boosted by output from shale formations, with
"Steady growth from non-OPEC countries, including the United States, headlines the forecast for global crude oil production through 2020," Linda Capuano, EIA administrator said in comments issued following the forecast. "We expect the United States to remain the world’s largest producer.”
The forecast indicates that the U.S. will become a net crude exporter in late 2020.
U.S. demand for diesel and other distillate fuels is expected to rise 20,000
U.S. gasoline demand in 2018 was seen at 9.29 million
(Reporting By Jessica Resnick-Ault Editing by Marguerita Choy)
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