US output of crude and condensate rose by almost 150,000 b/d to 11.67mn b/d for November, the highest figure since April 2020 though still some 1.3mn b/d down on the record month of November 2019 (12.97mn b/d).
Latest forecasts from the US government's Energy Information Administration (EIA) have output continuing to rise, albeit at a relatively sedate pace, throughout 2022, hitting 12.2mn b/d by the end of next year with forecast average 2022 output of 11.85mn b/d up 680,000 b/d on 2021’s 11.17mn b/d. (CONTINUED - 551 WORDS)
