The latest Short Term Energy Outlook (STEO) of the US government’s Energy Information Administration (EIA), released 11 September, revises down its forecast for 2019 output by 210,000 b/d versus the forecast published a month earlier. This comes on top of a 90,000 b/d downward revision last month (MEES, 10 August). An acute shortage of takeaway pipeline capacity for output from Texas’ key Permian basin has led to downward revisions totaling 360,000 b/d since May (see chart, MEES,...