EIA STEO: Oil output forecast to reach highest average in US history in 2018

Total US crude oil production is expected to average 10.3 million b/d in 2018, up 1 million b/d from 2017. If achieved, forecast 2018 production would be the highest annual average recorded in US history, passing the 1970 record of 9.6 million b/d, according to the US Energy Information Administration’s latest Short-Term Energy Outlook.

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