In its October Short-Term Energy Outlook, the US Energy Information Administration forecast that US crude oil production will average 11.8 million b/d in 2019, which is 300,000 b/d higher than the forecast in its September STEO. The higher production forecast reflects higher-than-expected increases to Texas and North Dakota production in July, revising upwards the baseline of the forecast, and a response to higher forecast prices.

Source: News