U.S. oil production is set to increase in November, according the Energy Information Administration’s (EIA) Drilling Productivity Report published on Monday. (Click to enlarge) The EIA has forecast an increase of 81,000 barrels per day in November over October levels, even as the number of active oil rigs in the United States dipped steadily over the third quarter, shedding 20 rigs over the last eight weeks. The EIA is also predicting that U.S. crude oil production will hit 9.9 million barrels per day in 2018, a new high for the United States, according to the agency’s Short-Term Energy Outlook. The previous high was 9.6 million barrels per day, which was reached in 1970. The largest increase to crude oil production is expected to come from the Permian Basin, where the EIA is predicting an increase of 51,000 barrels per day to hit 2.66 million bpd in November. Anadarko and […]