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US shale oil will surge to nearly 7 million barrels a day next month: Dept. of Energy forecast

March 13, 2018


American shale drillers will take aim at the seven million barrels-per-day mark next month, as U.S. oil production continues to hit new record highs.

Output from the nation’s shale oil regions is poised to grow by 131,000 barrels a day next month, according to the U.S. Department of Energy’s statistics arm.

The Energy Information Administration sees drillers in the seven shale regions pumping 6.95 million barrels a day in April, up more than 25 percent from a year ago. April’s forecast got a boost from upward revisions to EIA’s projections for previous months.

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