- Energy Information Administration reports that crude oil production in the seven major US shale basins will fall by a record 197,000 barrels per day next month.
- Production in the seven most prolific shale basins in the United States is expected to fall to 7.822 million bpd, the EIA said, down from 8.019 million bpd this month.
- This is deemed to be a record monthly loss.
A recently published article in Oil Price written by Julianne Geiger highlights the fall in crude oil production in the major...
https://mfame.guru/oil-companies-foresee-loss-as-shale-production-falls-steeper/