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US Energy Information Administration: The United States Will Become One Of The World's Leading Producers Of Crude Oil
HOUSTON, July 10 (Xinhua) – The Energy Information Administration (EIA) Expects In Its Report Tuesday That States To become a major producer of crude oil According to the short-term energy outlook for June, the administration expects US crude oil production to average 10.8 million bpd in 2018 compared to 9.4 million bpd worldwide. 2017, and an average of 11.8 million barrels per day 2019.
If this is achieved, these two levels will exceed the previous record of 9.6 million barrels per day, recorded in 1970.
L & # The administration estimated that the average US crude oil production reached 10.9 million bpd in June, million barrels per day compared to last May's level. Crude oil production in the United States has remained above the 10 million bpd mark since February 2010.
OPEC crude oil production averaged 31.9 million barrels a day in June.
OPEC members and non-OPEC countries decided last November to increase production cuts until the end of 2018 to reduce oil stocks. global, but tense market conditions have prompted the organization to cut production cuts starting this month.
Crude oil production in the United States will decrease by less than 0%. An average of 1 million barrels per day in 2019, reflecting increases in some producers' crude oil production, often offset by projected reductions of more than 1.0 million barrels per day in Iran and Venezuela.
The United States imports net crude oil at an average of 3.7 million barrels per day in 2017 averaging 2.4 million barrels per day in 2018 and 1.6 million barrels per day on average in 2019, the lowest level since 1958. /
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