• US crude output hit 9.433mn b/d in July, up from June’s 9.316mn b/d and within 200,000 b/d of April 2015’s 42-year high of 9.626mn b/d. Latest EIA forecasts have output breaking the latter record in October, a month earlier than previously. The EIA has output plateauing at around 9.9mn b/d in 1H 2018 – reflecting the delayed impact of the recent drilling slowdown (see p7) – before breaking 10mn b/d for the first time in November 2018, in line with...
US Output: New Records, But Gains Slow
Published on Fri, 11 Aug 2017 - Volume: 60 Issue: 32Print
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