
Production will fall in mid-2030 due to crude oil price forecast of US$70
The US oil production would fall until the mid-2030s, with global benchmarks trading below US$70 per barrel until 2030, the Energy Information Administration said Wednesday in its “Annual Energy Outlook” report. The United States would produce between 12.4 and 12.7 million barrels per day of crude oil by 2050, compared to 13.6 million bpd in ...










