EIA: US crude oil production expected to rise by 1.02 mln bpd in 2019 to 11.80 (vs. 1.01 million bpd previously)

Below are the key highlights, via Reuters, from the monthly report published by the U.S. Energy Information Administration.

• U.S. Crude oil production to rise by 1.31 million bpd (cut from 1.44 million bpd in July).
• U.S. Crude oil production to rise by 1.02 million bpd in 2019 to 11.80 (increased from 1.01 million bpd previously).
• U.S. Oil demand growth to rise by 290,000 bpd in 2019 (vs 330,000 bpd previously).
• U.S. Oil demand growth to rise by 470,000 bpd in 2018 (unchanged versus July).