US crude oil production remains level last week: EIA.

Position:Energy Information Administration
 
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U.S. crude oil production remained level during the week ending Oct. 18, US Energy Information Administration (EIA) said Wednesday. According to the EIA, US crude oil production last week stayed the same as the previous week at 12.6 million barrels per day (b/d), up by about 1.7 million b/d year on year. This was the second week that the US crude oil production remained level after increasing for one week.

In the EIA's latest Short-Term Energy Outlook released earlier this month, US crude oil production will average 12.3 million barrels per day (b/d) in 2019, up by 1.3 million from the 2018 level, and will rise by 0.9 million b/d in 2020 to an annual average...

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