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United States Shale Output To Tumble in August- Says EIA

  • July 14, 2020 02:00 PM AEST
  • Team Kalkine

The United States shale output to plunge by 56,000 barrels per day in August to stand at 7.49 million barrels per day over expected decline from seven major shale formation- says EIA.

Gold MTF non-AMP

  • The decline in the shale output would mark the lowest in two years, and EIA projects that the biggest drop would be from the Eagle Ford (Texas) of ~ 23,000 barrels per day.
  • Furthermore, the output from the Permian basin and New Mexico would witness the fifth consecutive fall, easing ~ 13,000 barrels per day.

 


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