Eia oil and gas forecast
Whether global oil demand growth is slashed by 230,000 barrels a day (bb) by OPEC or by 378,000 b/d by the US Energy Information Administration (EIA), global demand is still projected to range Lower forecast crude oil prices lead to lower US crude oil production. EIA forecasts that US crude oil production will average 13.0 million b/d in 2020, up 800,000 b/d from 2019, but then fall to