EIA: U.S. oil output to rise to 10.85 mln bpd in 2019 - Reuters

 Below are the key highlights, via Reuters, from the Energy Information Administration's recently published monthly report.

EIA forecasts 2018 U.S. oil demand growth by 470,000 bpd (increased vs revised 410,000 bpd previously).

EIA forecasts 2018 u.s. crude oil production to rise by 970,000 bpd (increased vs revised 780,000 bpd previously).

EIA forecasts 2017 U.S. oil demand growth by 150,000 bpd (cut from revised 160,000 bpd previously).

EIA forecasts 2017 U.S. crude oil production to rise by 440,000 bpd (vs revised 380,000 bpd previously).

EIA forecasts U.S. oil demand growth to rise by 340,000 bpd in 2019 to 20.65 mbpd.

EIA forecasts U.S. crude oil production to rise by 580,000 bpd in 2019 to 10.85 mbpd.