US oil production is strong although US shale oil output is not as strengthened as before. On June, US oil production remained high but the growth of oil output reduced significantly since last year that the oil price started a bearish trend that may continue until 2020.
According to EIA reports, published on September 12th 2019, US crude oil production was 12,100M bbl/d, no change compared with May and April. However shale oil boom goes bust as a response to the oil price reduction since the Q4 2018, expected to continue until 2020.
