BofA’s Yazhari on Tight Oil Market, Spike in Prices The U.S. sees limited domestic oil production growth through next year despite rising oil prices and rebounding demand. Oil explorers will produce 20,000 barrels a day more than previously forecast for this year, at 11.1 million barrels, the Energy Information Administration said in a report Wednesday. Output next year was raised 60,000 barrels day to 11.9 million, making it the first upward revision since March. At the same time the agency boosted its price forecast for West Texas Intermediate by $4 a barrel to $65.85 for 2021. The forecast for limited U.S. output growth comes as domestic supplies are falling at the fastest rate in decades and just days after OPEC+ negotiations failed , leaving the market uncertain about when to expect more supplies from the group. U.S. shale producers haven’t significantly boosted production in recent months, favoring discipline and […]