{"id":6054,"date":"2016-02-04T10:42:13","date_gmt":"2016-02-04T16:42:13","guid":{"rendered":"https:\/\/www.regiontrack.com\/www\/?p=6054"},"modified":"2016-02-04T10:42:13","modified_gmt":"2016-02-04T16:42:13","slug":"major-shift-u-s-crude-production-outlook","status":"publish","type":"post","link":"https:\/\/www.regiontrack.com\/www\/major-shift-u-s-crude-production-outlook\/","title":{"rendered":"Major Shift in U.S. Crude Production Outlook"},"content":{"rendered":"<p><strong>The U.S. Department of Energy&#8217;s latest adjustment to its U.S. crude oil outlook reflects the confounding set of conditions driving the oil markets.\u00c2\u00a0<\/strong>Domestic oil production is now\u00c2\u00a0expected to <strong>fall steadily through\u00c2\u00a0<\/strong><!--more--><strong>the first three quarters of 2016 and then <strong>move sideways throughout most of 2017 before recovering<\/strong>.\u00c2\u00a0<\/strong><\/p>\n<ul>\n<li><strong>Production is expected to fall by nearly\u00c2\u00a01.5 million barrels per day<\/strong>\u00c2\u00a0to only 8.25 million barrels per day in late 2017.\u00c2\u00a0 This is a roughly <strong>15% decline from\u00c2\u00a0the recent peak<\/strong> of 9.7 million barrels per day set in April 2015.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png\" rel=\"attachment wp-att-6055\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6055 aligncenter\" src=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png\" alt=\"potw_1_20160204\" width=\"650\" height=\"414\" srcset=\"https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png 689w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204-300x191.png 300w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204-200x127.png 200w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204-400x255.png 400w, https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204-600x382.png 600w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/a><\/p>\n<ul>\n<li>The current\u00c2\u00a0forecast also indicates that <strong>production in the second half of 2015 was revised upward<\/strong> by a substantial amount relative to the November forecast.<\/li>\n<li>Possibly the most important piece of information in the forecast is that <strong>the bottom has been pushed back by a full year<\/strong>, from Sep. 2016 to Sep. 2017.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of Energy&#8217;s latest adjustment to its U.S. crude oil outlook reflects the confounding set of conditions driving the oil markets.\u00c2\u00a0Domestic oil production is now\u00c2\u00a0expected to fall steadily through\u00c2\u00a0<\/p>\n","protected":false},"author":1,"featured_media":6055,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","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":[13,1],"tags":[31,45,72],"post_series":[],"class_list":["post-6054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pic-of-the-week","category-uncategorized","tag-crude-oil","tag-energy-prices","tag-oil-and-gas","entry","has-media"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"thumbnail":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204-150x150.png",150,150,true],"medium":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204-300x191.png",300,191,true],"medium_large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"1536x1536":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"2048x2048":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"lightbox":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"search_results":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204-125x125.png",125,125,true],"blog_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204-250x150.png",250,150,true],"blog_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"blog_post_full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"blog_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"portfolio_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"portfolio_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"portfolio_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"staff_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"staff_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"staff_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"testimonials_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"testimonials_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false],"gallery":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_20160204.png",689,439,false]},"uagb_author_info":{"display_name":"mcsnead","author_link":"https:\/\/www.regiontrack.com\/www\/author\/mcsnead\/"},"uagb_comment_info":0,"uagb_excerpt":"The U.S. Department of Energy&#8217;s latest adjustment to its U.S. crude oil outlook reflects the confounding set of conditions driving the oil markets.\u00c2\u00a0Domestic oil production is now\u00c2\u00a0expected to fall steadily through\u00c2\u00a0","_links":{"self":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/6054","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=6054"}],"version-history":[{"count":0,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/6054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media\/6055"}],"wp:attachment":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media?parent=6054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/categories?post=6054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/tags?post=6054"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/post_series?post=6054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}