Crude oil storage tanks at the oil hub in Cushing Oklahoma, U.S.
New York — U.S. crude oil production is expected to fall by 910,000 barrels per day (bpd) in 2020 to 11.34 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a bigger decline than its previous forecast for a drop of 860,000 bpd.
The agency also expects U.S. petroleum and other liquid fuel consumption to decline 2.38 million bpd to 18.16 million bpd in 2020, unchanged from its previous forecast.
(Reporting by Devika Krishna Kumar in New York; editing by Chizu Nomiyama)
