Cracks Appear in Record U.S. Oil Growth as Shale Slows for Now
- Shale output forecast to grow at slowest pace in nine months
- Well productivity in key plays have dipped in the past year
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Cracks are emerging in the U.S. oil machine.
Shale oil’s relentless production growth is easing, with growth next month set to be the weakest since May, according to the Energy Information Administration. Increases in the Permian Basin, the largest area, will also be the slowest in nine months.