U.S. Is Set to Become World's Top Oil Producer, Government Says
- 2019 output estimate raised to 11.8 million barrels a day
- Yet, bottlenecks in Permian Basin remain a growth concern
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The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play.
The Energy Information Administration sees U.S. crude output averaging 11.8 million barrels a day in 2019, up from its 11.76 million barrel a day estimate in the June outlook.