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mgland

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mgland

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Wednesday, 11/08/2023 11:48:12 AM

Wednesday, November 08, 2023 11:48:12 AM

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U.S. crude oil production will rise to 12.9 million bpd in 2023...Nov 7 (Reuters) - U.S. crude oil production this year will rise by slightly less than previously expected while demand will fall, the U.S. Energy Information Administration (EIA) said on Tuesday.

The EIA issued the new outlook after Saudi Arabia and Russia extended voluntary production cuts of 1.3 million barrels per day through December as demand concerns weigh.

U.S. crude oil production will rise to 12.9 million bpd in 2023, the agency said, compared with its previous estimate of 12.92 million bpd.
https://www.reuters.com/markets/commodities/us-crude-output-rise-by-less-than-previously-forecast-2023-eia-2023-11-07/
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