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U.S. crude oil production declines slightly last week: EIA

Source: Xinhua| 2018-12-13 06:06:34|Editor: Mu Xuequan
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HOUSTON, Dec. 12 (Xinhua) -- U.S. crude oil production decreased in the week ending Dec. 7, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.

According to the weekly report, U.S. crude oil production last week was 11.6 million barrels per day, down by 100,000 barrels per day from the previous week. But it is still 1.8 million barrels per day more than this time last year.

In its latest Short-Term Energy Outlook released on Tuesday, EIA estimated that U.S. crude oil production averaged 11.5 million barrels per day in November, up 150,000 barrels per day from October levels because of platforms resuming normal operations after hurricane-related outages in October.

EIA expects that U.S. crude oil production will average 10.9 million barrels per day in 2018, up from 9.4 million barrels per day in 2017, and will average 12.1 million barrels per day in 2019.

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