Oil

US oil output to hit record over 11M bpd by end of 2019, EIA

NEW YORK, Jan 9 (Reuters) - U.S. crude oil production is expected to climb to more than 10 million barrels per day (bpd) early in 2018, reaching that milestone for the first time since 1970, and to continue to surge into 2019 to a record high, the U.S. Energy Information Administration said Tuesday.