{"id":5982,"date":"2015-11-11T14:08:26","date_gmt":"2015-11-11T19:08:26","guid":{"rendered":"https:\/\/www.regiontrack.com\/www\/?p=5982"},"modified":"2015-11-11T14:08:26","modified_gmt":"2015-11-11T19:08:26","slug":"u-s-crude-oil-production-is-expected-to-bottom-in","status":"publish","type":"post","link":"https:\/\/www.regiontrack.com\/www\/u-s-crude-oil-production-is-expected-to-bottom-in\/","title":{"rendered":"U.S. Crude Oil Production is Expected to Bottom in&#8230;"},"content":{"rendered":"<p><strong>The latest outlook on domestic\u00c2\u00a0crude production from the U.S. Department of Energy\u00c2\u00a0is not encouraging.\u00c2\u00a0<\/strong>Domestic oil production is not expected to bottom until\u00c2\u00a0September 2016.\u00c2\u00a0<!--more--><\/p>\n<p><strong>Production is expected to fall by about 1 million barrels per day<\/strong>\u00c2\u00a0to only 8.54 million barrels per day.\u00c2\u00a0 This is\u00c2\u00a0roughly an 11% decline from\u00c2\u00a0the recent peak of 9.6 million barrels per day set in April 2015.<\/p>\n<p><a href=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5981\" src=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png\" alt=\"potw_1_20151111\" width=\"650\" height=\"383\" srcset=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png 772w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-300x177.png 300w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-768x453.png 768w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-200x118.png 200w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-400x236.png 400w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-600x354.png 600w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/a><\/p>\n<p>The pessimistic outlook for U.S. production continues to reflect the <strong>ongoing strength in world production<\/strong>. <strong>Saudi Arabia and Iraq<\/strong> have increased\u00c2\u00a0production substantially, while <strong>Iran<\/strong> is preparing to do the same if sanctions are lifted.<\/p>\n<p><strong>The concern remains that declining U.S. production will not be sufficient to offset gains across the world and lift crude prices anytime soon.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest outlook on domestic\u00c2\u00a0crude production from the U.S. Department of Energy\u00c2\u00a0is not encouraging.\u00c2\u00a0Domestic oil production is not expected to bottom until\u00c2\u00a0September 2016.\u00c2\u00a0<\/p>\n","protected":false},"author":1,"featured_media":5981,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,13,1],"tags":[31,52],"post_series":[],"class_list":["post-5982","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-graphic","category-pic-of-the-week","category-uncategorized","tag-crude-oil","tag-forecast","post_format-post-format-image","entry","has-media"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"thumbnail":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-150x150.png",150,150,true],"medium":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-300x177.png",300,177,true],"medium_large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-768x453.png",768,453,true],"large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"1536x1536":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"2048x2048":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"lightbox":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"search_results":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-125x125.png",125,125,true],"blog_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111-250x150.png",250,150,true],"blog_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"blog_post_full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"blog_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"portfolio_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"portfolio_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"portfolio_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"staff_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"staff_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"staff_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"testimonials_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"testimonials_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false],"gallery":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20151111.png",772,455,false]},"uagb_author_info":{"display_name":"mcsnead","author_link":"https:\/\/www.regiontrack.com\/www\/author\/mcsnead\/"},"uagb_comment_info":0,"uagb_excerpt":"The latest outlook on domestic\u00c2\u00a0crude production from the U.S. Department of Energy\u00c2\u00a0is not encouraging.\u00c2\u00a0Domestic oil production is not expected to bottom until\u00c2\u00a0September 2016.\u00c2\u00a0","_links":{"self":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/5982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/comments?post=5982"}],"version-history":[{"count":0,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/5982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media\/5981"}],"wp:attachment":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media?parent=5982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/categories?post=5982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/tags?post=5982"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/post_series?post=5982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}