October 16, 2017 U.S. crude oil production expected to increase through end of 2017, setting up record 2018. Source: U.S. Energy Information Administration, Short-Term Energy Outlook EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. Production in 2018 is expected to average 9.9 million b/d, surpassing the previous high of 9.6 million b/d set in 1970, based on projec...
