US crude oil production will be more than Saudi Arabia in January 2018

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EIA oil reports that US production was at 9.78 million barrels per day. The US may end December with 9.9 million barrels per day. Rystad Energy’s comprehensive well data for the United States shows that domestic oil production could pass 9.9 million barrels per day in December 2017.

U.S. shale production is expected to rise for a 13th consecutive month to a new record in January, the U.S. Energy Information Administration said on Monday.

January output is forecast to increase by 94,000 bpd to 6.41 million bpd, according to the EIA’s monthly drilling productivity report.

more    :  oil boom 2018

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