US CRUDE OUTPUT IS STILL FALLING STEEPLY, BUT YEAR-ON-YEAR LOSSES FALL FROM 520,000 B/D TO 190,000 B/D IF NGLS OUTPUT, WHICH HIT A RECORD 3.51MN B/D IN MARCH, IS FACTORED IN 

SOURCE: EIA, MEES CALCULATIONS.

 

EIA’s LATEST SHORT TERM ENERGY OUTLOOK PREDICTS A 830,000 B/D FALL IN CRUDE OUTPUT THIS YEAR...

EIA 2017V16 AND 2016V15 FORECASTS BY DATE OF FORECAST.

 

...BUT WITH A 150,000 B/D UPWARD REVISION TO ITS 2017 FORECAST THE END MIGHT BE IN SIGHT

EIA 2017V16...