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US Energy Info Admin lowers forecast world oil consumption
[EIA.gov] EIA expects global petroleum and liquid fuels demand will average 100.3 million barrels per day (b/d) in the first quarter of 2020. This demand level is 0.9 million b/d less than forecast in the January STEO and reflects both the effects of the coronavirus and warmer-than-normal January temperatures across much of the northern hemisphere. and, re: US supply EIA forecasts U.S. crude oil production will average 13.2 million b/d in 2020, up 1.0 million b/d from 2019, and then rise to 13.6 million b/d in 2021. Most of the production growth in the forecast occurs in the Permian region of Texas and New Mexico. and re: Nat Gas U.S. dry natural gas production set a record in 2019, averaging 92.1 billion cubic feet per day (Bcf/d)... dry natural gas production will average 94.2 Bcf/d in 2020, a 2% increase from 2019. Posted by: lord garth 2020-02-14 |
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