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How Much Crude Oil Will the USA Produce in 2023 and 2024?
How much crude oil will the U.S. produce this year and next year? Well, according to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released last week, U.S. crude oil production will average 12.78 million barrels per day in 2023 and 13.16 million barrels per day in 2024. Broken down quarterly, the EIA sees U.S. crude oil output averaging 12.86 million barrels per day in the third quarter, 12.94 million barrels per day in the fourth quarter, 13.03 million barrels per day in the first quarter of next year, 13.09 million barrel per day in the second quarter of ... (full story)
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- Posted: Sep 19, 2023 12:50pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 100
