U.S. Oil-Shale Output Seen Reaching Two-Year Low as Prices Sink
Will Oil Remain in a Trendless Market?
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Oil output from U.S. shale regions is headed for the lowest level in almost two years with prices at less than half 2014 levels.
The U.S. Energy Information Administration forecasts oil output from major U.S. shale regions will fall to 4.84 million barrels a day in May, the lowest level since July 2014, according to Bloomberg calculations.