US will cut shale oil production
Daily US shale oil production in the largest production areas will fall by 116K ballers in February from January to 4.83M barrels. The US Energy Information Administration (EIA) provides such data.
This department forecasted in December 2015 that daily shale oil production at the US main oil fields will decline by 116K barrels.
February decline will be caused by the production fall in all regions, except Utica and Permian. The biggest decline is expected in Texas, at the Eagle Ford oil field – daily production here will decline by 72K barrels to 1.14M barrels.