US oil production expected to reach record levels in 2018… EIA

October 17, 2017 by Jim Colburn Leave a Comment

This is from the EIA’s Short Term Energy Outlook released last week:

“EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. Production in 2018 is expected to average 9.9 million b/d, surpassing the previous high of 9.6 million b/d set in 1970, based on projections in EIA’s Short-Term Energy Outlook (STEO).”

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