EIA forecast
The EIA is out with its latest US oil production estimates. They see production this year at 10.27mbpd compared to 10.02m in their previous estimate.
By November 2019, they see production rising to 11m bpd, compared to about 9.8mbpd today.
OPEC is going to love that.
At the same time, I don't think they're going to be too upset with Brent at $68.50 per barrel.
