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Crude oil production on track to break 2019 mark, says EIA forecast
AUGUST 10, 2022
Next year could be a record year for U.S. crude oil production, according to the Energy Information Administration’s short-term energy outlook.
The outlook, released on Aug. 9, predicts that U.S. crude oil production will average 11.9 million barrels per day in 2022. By 2023, that number jumps to 12.7 million barrels per day, a 70,000 barrel per day decrease from EIA’s July outlook. However, that forecast would still break the previous mark of 12.3 million barrels per day, which was set in 2019.
https://landline.media/crude-oil-pr...expects that number to,$95 per barrel in 2023.
Crude oil production on track to break 2019 mark, says EIA forecast
AUGUST 10, 2022
Next year could be a record year for U.S. crude oil production, according to the Energy Information Administration’s short-term energy outlook.
The outlook, released on Aug. 9, predicts that U.S. crude oil production will average 11.9 million barrels per day in 2022. By 2023, that number jumps to 12.7 million barrels per day, a 70,000 barrel per day decrease from EIA’s July outlook. However, that forecast would still break the previous mark of 12.3 million barrels per day, which was set in 2019.
https://landline.media/crude-oil-pr...expects that number to,$95 per barrel in 2023.