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Title : U.S. Expected To Produce Far More Oil In 2019 Than What International Analysts Originally Forecasted
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U.S. Expected To Produce Far More Oil In 2019 Than What International Analysts Originally Forecasted

FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland Thomson Reuters

The Tennessee Star: US Oil Boom Is Defying Expectations, Experts Say

The United States is expected to churn out far more oil in 2019 than what international analysts originally forecasted.

The International Energy Agency, a Paris-based organization that helps coordinate energy policies for industrial countries, released its latest oil market report Friday, noting exceptional numbers for the U.S. fossil fuel industry.

The agency reported U.S. oil production is expected to rise by 1.3 million barrels a day in 2019. While this number is lower than the record-smashing 2.1 million increase producers enjoyed in 2018, it’s more than double what the IEA initially expected to see in 2019.

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WNU Editor: The continuous growth of U.S. oil production continues astounds me.

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