EIA: US crude output falling more than previously forecast for 2021
Wednesday, October 20, 2021
The U.S. Energy Administration believes crude oil output will fall 260,000 barrels per day to 11.02 million bpd in 2021, which is an increase from original estimates, according to Hellenic Shipping News Worldwide.
The U.S. Energy Administration previously forecast a 200,000-bpd drop in 2021. Then, later adjusted its output forecast for the third and fourth quarters of this year.
Next year’s forecast; however, is that output will rebound to 11.73 million bpd in 2022.
Learn more: Hellenic Shipping News Worldwide > U.S. 2021 crude output seen falling more than previously forecast
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