EIA lowers US 2020 crude production estimate to 13.18 mbpd from 13.29 mbpd prior

EIA lowers 2020 supply outlook after OPEC
The swing producer in the world is now shale. In this report, the EIA said it expects total US crude oil and petroleum net exports to average 570,000 bpd in 2020 but that’s down from 750,000 bpd in last month’s estimate.