Latest forecasts from the EIA
- Sees 2016 US oil production falling 700kbpd vs -570kbpd prior
- Sees 2017 production -270kbpd
- Says 2015 production +720kbpd vs +630kbpd prior
- Leaves 2016 US oil demand growth unchanged at 160kbpd
- 2017 US oil demand +270kbpd
No surprise in that headline as oil prices tighten the vice on producers
