James Osborne | Houston Chronicle | May 7, 2019

NMOGA fbext CNMOGA 1458 %281%29 - US predicts that crude production will rise to 13.1M barrels a day in 2020U.S. oil production will hit 13.1 million barrels a day in 2020, the Energy Information Administration says in a new forecast.

That’s a 19 percent increase over last year’s average of 11 million barrels a day, with the forecast projecting most of the gains will come from the Permian Basin, which spans West Texas and Eastern New Mexico.

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