EIA forecasts U.S. shale oil output to climb by 22,000 barrels a day in February - MarketWatch

Crude-oil production from seven major U.S. shale plays is forecast to climb by 22,000 barrels a day in February to 9.2 million barrels a day, according to a report from the Energy Information Administration released Tuesday. Oil output from the Permian Basin, which covers parts of western Texas and southeastern New Mexico, is expected to see the biggest increase, up 45,000 barrels a day in February from January. Shale oil output from the Anadarko, Eagle Ford and Niobrara regions, however, are expected to see monthly declines, the report showed. The February contract for West Texas Intermediate oil CLG20, -0.50%, which expires at the end of the day's regular session, held onto a modest loss to trade 24 cents, or 0.4%, lower at $58.30 a barrel ahead of its settlement on the New York Mercantile Exchange.

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EIA forecasts U.S. shale oil output to climb by 22,000 barrels a day in February - MarketWatch
"oil" - Google News
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