US Crude oil will pass 12 million bpd in mid-2019

US crude oil production is at 11.6 million barrels per day and will pass 12 million barrels per day in mid-2019.

EIA estimates that U.S. crude oil production averaged 11.4 million barrels per day (b/d) in October, down slightly from September levels because of hurricane-related outages in the Gulf of Mexico. EIA expects that U.S. crude oil production will average 10.9 million b/d in 2018, up from 9.4 million b/d in 2017, and will average 12.1 million b/d in 2019.

For 2019, production is expected to rise 1.16 million bpd from the prior year, more than EIA’s previous forecast for a 1.02-million bpd rise.

The agency’s monthly report said EIA expects production to surge above 12 million bpd in the second quarter of 2019, sooner than its previous estimate of the fourth quarter.

Output this year is forecast to rise by 1.55 million bpd to 10.90 million bpd. That projected increase is an upward revision from its earlier estimate of a 1.39 million bpd rise.

US Solar

EIA expects total U.S. solar generation will rise from 212,000 Megawatt hours per day (MWh/d) in 2017 to 268,000 MWh/d in 2018 (an increase of 27%) and to 303,000 MWh/d in 2019 (an increase of 13%). In recent years, the industry has seen a shift from fixed-tilt solar PV systems to tracking systems.