"The agency reported U.S. oil production is expected to rise by 1.3 million barrels a day in 2019. While this number is lower than the record-smashing 2.1 million increase producers enjoyed in 2018, it’s more than double what the IEA initially expected to see in 2019."
I think it will be higher. Early 2019 the US is already producing 11.9 mbpd, the 12.9 mbpd could be reached by December 2019. So by end-2020 it might reach 13.5 to 14 mbpd.
Cheap oil is necessary for the world, both developed and developing countries. Agriculture now is becoming more mechanized, the machines and tractors use lots of oil; farmers in the Philippines and other developing countries now ride motorcycles if not 2nd-hand cars, which again use lots of oil.