Monday, June 10, 2019

That US oil production chart by the EIA

Market chatter over US oil production appears to be all the rage these days, with many forecasters predicting 2019 to be another record year for the Americans. Some are even predicting US production to be as high as 13.4 million barrels per day (bpd) in 2019. 

At the moment, its lurking around 12.3 million bpd according to the EIA. However, the chart below sums it up, and kinda explains why some commentators are so upbeat, given the trajectory of official data and related projections. Please click to enlarge chart. That's all for the moment folks, as the Oilholic is in Oslo, Norway for a conference. More from here shortly! Keep reading, keep it 'crude'!


To dollow The Oilholic on Twitter click here.
To follow The Oilholic on Forbes click here.

© Gaurav Sharma 2019. Photo: US oil production and projection © US EIA, May 2019

No comments:

Contact:

For comments or for professional queries, please email: gaurav.sharma@oilholicssynonymous.com

To follow The Oilholic on Twitter click here
To follow The Oilholic on Google+ click here
To follow The Oilholic on Forbes click here