U.S. crude output in 2019 slightly below previous forecast – EIA

U.S. oil output is expected to rise 1.28 million barrels per day to 12.27 million bpd this year, the U.S. Energy Information Administration said in a monthly report, slightly lowering its annual growth forecast from 1.40 bpd last month.

The agency increased its forecast for production growth in 2020 to 990,000 bpd from 900,000 bpd previously.

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