Commodities Buzz: US Crude Oil Production Set To Increase In November Says EIA

19 Oct 2022 , 01:22 PM

The U.S. oil and gas production is forecast by the Energy Information Administration (EIA) to rise thanks primarily to higher volumes from the Permian and Haynesville basins. Combined oil and gas production from seven key U.S. basins?Anadarko, Appalachia, Bakken, Eagle Ford, Haynesville, Niobrara and Permian?will rise slightly in November compared to October. Oil production in the U.S. is expected to average 9.1 million bbl/d in November while gas production is expected to average 95.1 Bcf/d, the EIA revealed in its latest its monthly drilling productivity report.Powered by Commodity Insights