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EIA revises US oil production outlook for 2019

The Energy Information Administration forecasts US oil production growth of 1.16 million barrels per day to an average of 12.06 million bpd in 2019, up from the agency's previous prediction of a 1.02 million bpd climb. This year, the EIA expects an output increase of 1.55 million bpd to 10.90 million bpd, compared with the 1.39 million bpd jump that it had previously forecast.

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