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    Home > Chemicals Industry > Petrochemical News > EIA: U.S. crude oil output decline in 2021 is expected to exceed previous expectations

    EIA: U.S. crude oil output decline in 2021 is expected to exceed previous expectations

    • Last Update: 2021-09-10
    • Source: Internet
    • Author: User
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    Foreign news on September 8th, EIA said in its monthly short-term energy outlook report on Wednesday that it expects US crude oil production in 2021 to be 11.
    08 million barrels per day, down 200,000 barrels per day from the previous year's level.
    Last month was expected to be 11.
    12 million barrels.
    /Day, the decline is estimated to be 160,000 barrels/day
    .


    The report predicts that U.
    S.
    crude oil production is expected to increase by 640,000 barrels per day to 11.
    72 million barrels per day in 2022.
    Last month, its published production estimate was 11.
    77 million barrels
    .


    The report also said that the US demand for oil and other liquid fuels this year is expected to increase by 1.
    55 million barrels per day to 19.
    74 million barrels per day, while last month’s demand growth is estimated to be 1.
    58 million barrels per day
    .


      The report predicts that U.
    S.
    crude oil demand is expected to increase by 890,000 barrels per day to 20.
    63 million barrels per day in 2022.
    Last month’s demand growth is estimated to be 860,000 barrels per day
    .


      The report predicts that the natural gas price in 2021 will be US$3.
    77/1,000 cubic feet, and last month’s estimate was US$3.
    55/1,000 cubic feet; the natural gas price in 2022 is expected to be US$3.
    60/1,000 cubic feet, and last month’s estimate was US$3.
    20/1,000.
    Cubic feet
    .


      The report predicts that US natural gas consumption will be 82.
    540 billion cubic feet per day in 2021, compared to 82.
    46 billion cubic feet per day last month; it is estimated that US natural gas consumption will be 82.
    60 billion cubic feet per day in 2022, compared to last month’s estimate 83.
    78 billion cubic feet per day
    .

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