The Global Resource For Connecting Buyers and Sellers

US crude production continues to drop

U.S. crude oil production is expected to average 8.6 million barrels per day this year, down from 9.4 million bpd in 2015, the U.S. Energy Information Administration said in its April Short-Term Energy Outlook, released April 12. Production is expected to drop further to 8 million bpd in 2017.