19 US crude oil production reaches record 12.24 million barrels per day = EIA

[New York 10th Reuters]-The US Energy Information Agency (EIA) announced on the 10th in the monthly short-term energy outlook, US crude oil production in 2019 increased by 1.25 million barrels per day to 12.24 million barrels in the past. The prospect of renewing the highest was shown.

The expected increase was revised slightly downward from the previous 1.28 million barrels. This is due to the fact that the majority of oil producers have cut spending on new drilling this year. EIA expects 13.23 million barrels, an increase of 990,000 barrels in 20 years.

The world oil demand growth in 1919 was reduced by 110,000 barrels to 890,000 barrels. It seems that the US-China trade friction is influencing. EIA expects 20-year growth to drop 1.4 million barrels by 30,000 barrels.

Domestic oil demand this year increased by 140,000 barrels to 20.59 million barrels, and the year-on-year increase is expected to be lower than the previous 210,000 barrels. For 20 years, it is expected to increase by 260,000 barrels to 20.85 million barrels.

The United States has been developed in the Permian Basin, which extends from Texas to New Mexico, and has now surpassed Saudi Arabia and Russia to become the world's largest oil producer.