Post Tagged with: "U.S. oil production"

U.S. Cuts Oil Production Forecast for the First Time in 6 Months

U.S. Cuts Oil Production Forecast for the First Time in 6 Months

EIA trims 2019, 2020 estimates but still expects record output

Drillers scaling back as focus shifts to shareholder returns

From Bloomberg

The U.S. government cut its oil production forecast for the first time in six months as drillers scale back …