Reuters | Rising US output weighs on oil prices Reuters OPEC revised its estimate for U.S. oil output growth for 2018 to 1.05 million bpd, while the U.S. Energy Information Administration increased its growth forecast to 780,000 bpd. The IEA expects the oil market to have a surplus of 200,000 bpd in the ... Rising US shale output may lead to early 2018 oil supply surplus – IEA Oil Hovers Near $57 as IEA Sees Supply Outpacing Demand in 2018 Rising US output threatens global oil market balance |