The U.S. Energy Information Association boosted its domestic production outlook for 2015 by 250,000 barrels per day Tuesday as the shale boom shows no sign of letting up.

The EIA expects domestic output to rise to 9.53 million bpd, growing by about 1 million bpd for the third year in a row.

Last month, the EIA forecast output growth would slow in 2015 to 800,000 bpd.

The jump in production is expected to decrease the need for fuel imports and bring imports down to their lowest level since 1968.

“Rising monthly crude oil production, which will approach 10 million barrels a day in late 2015, will help cut U.S. fuel imports next year to just 21 percent of domestic demand,” EIA administrator Adam Sieminski said.

The EIA also raised the forecast for 2014 U.S. output to 8.53 million bpd, up from its previous estimate of 8.46 million bpd.

The report said that U.S. growth will account for 91 percent of the 1.3 million bpd rise in global oil output in 2015.

Total U.S. consumption of petroleum and liquid fuels in 2015 is expected to rise by 0.8 percent to 19.08 million bpd, a 100,000 bpd increase from the previous forecast.


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