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US Shale Oil Output Set For Largest Monthly Rise Since March 2015

Oil

US shale oil production in February is forecast to increase by 40K b/d m-o-m, the largest m-o-m rise since March 2015, according to the US Energy Information Administration (EIA). However, this would only be the highest total output since November 2016, and compared to total output in March 2015 (which is also the month in which US shale output hit a record high) volumes are set to be down by 717K b/d.