07182018Wed
Last updateThu, 19 Jul 2018 1am

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End-User News

U.S. Shale Output Set to Rise

“Shale production in the largest U.S. oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry's latest quarterly results,” Reuters reports.

“The higher outlooks, amid worries the recent breakneck pace of gains may not be sustained, come on the heels of one high-profile Permian Basin producer's oil output miss last quarter and decisions by several other energy companies to trim annual budgets.” 

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