US oil production to drop more than expected this year – OilPrice.com
By Julianne Geiger – August 12, 2020 at 11:00 a.m. CDT
US crude oil production will decline by an average of 990,000 barrels per day, according to the Energy Information Administration, for an average of 11.26 million bpd. This is a much larger loss than the agency had forecast in its previous forecast in July’s Short-Term Energy Outlook.
In July, the EIA predicted that crude oil…
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