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US Oil output to rise in May: Monthly Drilling Report

OIL

US oil output from the main shale-producing regions will rise in May to a five-month high, according to the EIA’s monthly drilling report.

  • Production from the main basins will rise 16k b/d to 9.86m b/d, the highest since the record 10m b/d in December.
  • Shale production comprises around three-quarters of total US oil output.

Source: Bloomberg

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