U.S. Cuts 2018 Crude Production Forecast Amid Lower Prices
The Factors Preventing OPEC 'Shock and Awe' on Oil
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U.S. crude producers are still set to pump record amounts of the commodity next year, but less so than previously projected, according to the latest government estimates.
Domestic output will average 9.9 million barrels a day next year, the U.S. Energy Information Administration said in its monthly Short-Term Energy Outlook released Tuesday. That’s down from a June estimate of 10.01 million barrels. The previous annual record of 9.6 million was set in 1970.