EIA: U.S. Oil Production to Continue Decline for Next 12 Months

SUGAR LAND--September 11, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--In its most recent Short-Term Energy Outlook, released Tuesday, September 9, the U.S. Energy Information Administration (EIA) stated that U.S. crude oil production in August 2015 declined by 140,000 barrels per day (BBL/d) compared with July. The EIA forecasts continued diminishing U.S. oil production through August 2016, after which production will once again begin increasing.