May 8, 2018 / 4:30 PM / in 15 days

EIA lifts 2019 U.S. crude output growth forecast to 1.14 mln bpd

NEW YORK, May 8 (Reuters) - The U.S. Energy Information Administration said on Tuesday it expects domestic crude oil production in 2019 to rise by more than previously expected.

In its monthly short-term energy outlook, the agency forecast that U.S. crude oil output will rise by 1.14 million barrels per day (bpd) to 11.86 million bpd next year. Last month, it expected a 750,000 bpd year-over-year increase to 11.44 million bpd. (Reporting By Jessica Resnick-Ault Editing by Marguerita Choy)

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