EIA Lowers U.S. Oil Production Forecast ...Middle East

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EIA Lowers U.S. Oil Production Forecast
source : OILPRICE ( Middle East ) () 52
The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report. The Energy Information Administration (EIA) made several adjustments to its production forecasts in its Short Term Energy Outlook published on Tuesday. The EIA now sees U.S. crude oil production averaging 11.86 million bpd for the full year 2022—down from 11.91 million bpd forecast in July’s STEO. For the full year 2023, the EIA has adjusted its production forecast to an average of 12.70 million…

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