EIA raises forecast for 2019, 2020 U.S. crude output growth - Reuters

EIA raises forecast for 2019, 2020 U.S. crude output growth - Reuters:

U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd.

The EIA forecast output in 2020 will rise by 930,000 bpd to 13.38 million bpd, a bigger increase than it previously estimated.

The latest forecast puts the United States on track to reach the 13-million-bpd milestone in the fourth quarter of 2019.