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EIA: US production continues to drop

The U.S. Energy Information Administration expects U.S. crude oil production to decrease from an average of 9.4 million barrels per day in 2015 to 8.7 million bpd this year and to 8.3 million bpd in 2017.
EIA said in its Aug. 9 Short-Term Energy Outlook that the forecast reflects declining producti…