Oil Hits 2016 highon U.S. drawdown forecasts and Nigeria troubles. (Released today) The U.S. Energy Information Administration expects crude production declines for 2016 and 2017 to remain unchanged from a month ago. Production will fall by 830 000 bpd this year to 8.6 million bpd and drop next year by 410 000 bpd to 8.19 bpd the agency said in its short term outlook. They also raised their 2016 U.S. demand forecast by 220 000 bpd from a previous 140 000 bpd. Best B.