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Industry News
EIA revises US oil, gas production forecasts for 2021

The Energy Information Administration expects US oil production to decline by 270,000 barrels per day to 11.04 million bpd in 2021, down from an earlier forecast of a 160,000-bpd drop. Meanwhile, natural gas production is projected to increase to 91.41 billion cubic feet per day this year and 93.29 Bcd/d in 2022.

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