Full Title: U.S. Crude Oil Production Forecast-Analysis of Crude Types
Author(s): N/A
Publisher(s): United States Energy Information Administration
Publication Date: April 1, 2014
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Description (excerpt):
EIA’s Short-Term Energy Outlook (STEO) projects continuing rapid production growth in 2014 and 2015, with forecast production in 2015 reaching 9.2 million bbl/d. Given the likelihood of continued growth in domestic crude production, and the recognition that some absorption options, such as like-for-like replacement of import streams, are inherently limited, the question of how a relaxation in current limitations on crude exports might affect domestic and international markets for both crude and products continues to hold great interest for policymakers, industry, and the public. This paper provides a short-term forecast of domestic production by crude type, supplementing the overall production forecast provided in STEO.