U.S. Boosts Oil-Output Forecast While Industry Warns of Slowdown
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The pioneers of the U.S. shale boom are warning of a slowdown in oil production growth, but it appears the U.S. government doesn’t agree.
The Energy Information Administration revised up its forecast for the growth rate for crude output in 2020 to 1 million barrels a day from 910,000 barrels a day in October, according to the monthly Short-Term Energy Outlook on Wednesday.