In its October Short-Term Energy Outlook, the US Energy Information Administration forecasts US crude oil production to average 8.7 million b/d in 2016 and 8.6 million b/d in 2017. Forecast production in 2017 is almost 100,000 b/d higher than in the previous forecast, as a result of changes in modeling methodology applied to the Lower 48 states excluding federal Gulf of Mexico.

Source: News