Highlights of the EIA short-term oil outlook:
– Lowest 2015 US crude supply estimate by 1.2% to 9.36m bpd
– Lowers 2016 crude output forecast by 360K to 8.96m bpd
The production cut estimate is the most noteworthy headline. I’m looking for the details because I want to know if it’s due to lower prices impacting production late in the year.
