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U.S. slashes oil output forecast
Energy
- 08 April, 2020
- 06:56
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EIA forecasts U.S. crude oil production will average 11.8 million b/d in 2020, down 0.5 million b/d from 2019’s production, 1.2 million b/d from 2019’s forecast.
If realized, the 2020 production decline would mark the first annual decline since 2016.
In 2021, EIA expects U.S. crude production to decline further by 0.7 million b/d to 11.1 million b/d.
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