13.2 million barrels a day by 2020

The U.S. Energy Information Administration lifted its forecasts for U.S. crude production for this year and next and cut its 2020 forecasts for U.S. and global benchmark oil prices, according to its Short-term Energy Outlook report released Tuesday. The EIA forecasts 2019 U.S. crude production of 12.41 million barrels a day, up 2.8% from the January forecast. It also raised its 2020 output view by 2.6% to 13.2 million barrels a day. – By MYRA P. SAEFONG