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U.S. crude oil production forecast expected to reach record high in 2018">U.S. crude oil production forecast expected to reach record high in 2018

(Tue, 25 Jul 2017) In EIA’s latest <em>Short-Term Energy Outlook</em> (STEO), total U.S. crude oil production is forecast to average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, EIA expects crude oil production to reach an average of 9.9 million b/d, which would surpass the previous record of 9.6 million b/d set in 1970.

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