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EIA-US Shale output might hit a new record category
March 14, 2018
Source: Energy World

EIA-US Shale output might hit a new record

The U.S. Energy Information Administration (EIA) has recently said in a monthly productivity report that U.S. shale production is expected to rise to a record high 6.95 million bpd in April. The report highlights that the expected increase is majorly driven by production gains in oil in the Permian and Eagle Ford formations. However, enhanced crude supply in the US is seen as a potential threat to global supply balance.

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