Question 45 of 96 in In the News 2021
Started Jun 11, 2021 05:00PM UTC   •   Closing Jan 01, 2022 08:01AM UTC

Will any four-week average of US field production of crude oil exceed 12 million b/d in 2021?

US oil production fell a record 8% in 2020 during the COVID-19 pandemic (EIA, USA Today). The outcome will be determined using the "4-Week Avg U.S. Field Production of Crude Oil" data (which is displayed in thousands of barrels per day) as reported by the Energy Information Administration (EIA) (EIA). A weekly figure must have its "End Date" in 2021 to count. In June 2021, the EIA forecasted domestic production would reach an average of 11.38 million barrels per day (million b/d) in the fourth quarter of 2021 (EIA STEO June 2021, see Table 4a).

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