Us Shale Oil Output To Upward Thrust By Way Of 100,000 Barrels A Day In August

The EIA’s latest drilling productivity report projects that drillers operating the nation’s shale oil fields will increase production by 113,000 barrels a day next month.
Oil production from several U.S. shale regions is expected to keep on rising in August, the U.S. Energy Information Administration forecast on Monday.
July’s report marks the fifth straight month the agency’s forecast came in above 100,000 barrels a day.
Total output from these areas is expected to reach 5.59 million barrels a day in August.
That allowed U.S. drillers to lock in higher prices for future delivery, providing the financial incentive to produce more oil.

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