Yearly, quarterly, monthly production records going up
U.S. crude oil production remains on track to break records next year, according to a note from the EIA today. Current forecasts call for crude production of 9.4 MMBOPD in the second half of 2017. This represents 340 MBOPD of growth from the first half of 2017, and this growth is expected to continue.

The EIA predicts that oil production in 2018 will average 9.9 MBOPD, which would be a new record for yearly production. The current high was set in 1970, when the U.S. produced 9.6 MMBOPD....


Legal Notice