July 9, 2019 / 4:39 PM / 8 days ago

U.S. crude oil output seen rising to record high in 2019: EIA

FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo

(Reuters) - U.S. crude oil production will rise to an all-time high of 12.36 million barrels per day in 2019 from a record high of 10.96 million bpd last year, the Energy Information Administration’s Short Term Energy Outlook (STEO) said on Tuesday.

The latest July output projection for 2019 was up from EIA’s 12.32 million bpd forecast in June.

EIA also projected U.S. petroleum and other liquid fuels consumption would rise to 20.70 million bpd in 2019 from 20.45 million bpd a year ago.

The 2019 demand projection in the July STEO report was up from EIA’s 20.64 million bpd forecast for the year in June.

Reporting by Scott DiSavino; Editing by Chizu Nomiyama

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