April

American shale oil output forecast to fall by record amount in May – EIA

Drop of 114,000 b/d to 4.84 million b/d will be record oil production decline The 21-month long oil price decline is having a bigger than expected effect on American shale oil production, according to the US Energy Information Administration. Output is dropping for the seventh month in a row, 114,000 barrels per day to 4.84 million b/d,

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