HOUSTON, Sept. 5 (Xinhua) -- U.S. crude oil production decreased slightly during the week ending Aug. 30, U.S. Energy Information Administration (EIA) said Thursday.
According to the EIA, U.S. crude oil production averaged 12.4 million barrels per day (b/d) last week, down by 100,000 b/d from the previous week and up by about 1.4 million b/d year on year. This was the first week that the U.S. crude oil production decreased after increasing last week.
In its latest Short-Term Energy Outlook (STEO) last month, EIA forecast U.S. crude oil production will average 12.3 million barrels b/d in 2019 and 13.3 million b/d in 2020, both of which would be record levels.
EIA also estimated that U.S. crude oil production will average 11.7 million b/d in July 2019, down by 0.3 million b/d from the June level. Enditem