EIA forecasts US oil demand to rise by 230,000 bpd in 2019 (cut from 250,000 bpd previously)

Below are some key takeaways from the monthly report published by the U.S. Energy Information Administration.

• EIA forecasts US oil demand to rise by 230,000 bpd in 2019 (cut from 250,000 bpd previously).
• EIA forecasts 2019 U.S. crude oil output to rise by 1.02 million bpd to 11.76 million bpd (up from 840,000 bpd previously).
• EIA forecasts U.S. oil demand to rise by 450,000 bpd in 2018 (cut from 470,000 bpd previously).
• EIA forecasts U.S. oil demand to rise by 230,000 bpd in 2019 (cut from 250,000 bpd previously).