June 9, 2020 / 4:19 PM / a month ago

U.S. crude output decline in 2020 to be steeper than previously expected -EIA

NEW YORK, June 9 (Reuters) - U.S. crude oil production is expected to fall by 670,000 barrels per day (bpd) in 2020 to 11.56 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, steeper than its previous forecast for a decline of 540,000 bpd.

The agency now expects U.S. petroleum and other liquid fuel consumption to plunge 2.4 million bpd to 18.06 million bpd in 2020 compared with its previous forecast for a drop of 2.19 million bpd.

Reporting by Devika Krishna Kumar in New York Editing by Chizu Nomiyama

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