US EIA - Shale output to rise 1.8 million barrels per day over the next year
|As per US Energy Information Administration (EIA), the shale oil output is likely to rise by 1.8 million barrels per day (bpd) over the next year, matching the volume of production cuts sustained by the OPEC, Russia and other major oil producing nations.
Also, the shale output in January is seen rising to 6.438 million barrels per day, which is 24,000 bpd higher than December levels.
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