Reuters | Jessica Resnick-Ault
The United States has become the world’s largest crude producer, boosted by output from shale formations.
Crude oil output from the United States is expected to rise to a new record of more than 12 million barrels per day (bpd) this year and to climb to nearly 13 million bpd next year, the U.S. Energy Information Administration said on Tuesday in its first 2020 forecast. U.S. crude production is forecast to climb 1.14 million bpd to 12.07 million bpd in 2019 and an additional 790,000 bpd in 2020 to 12.86 million bpd, the statistics arm of the U.S. Energy Department said in a monthly report.
Sanchez Energy News
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