EIA: Oil Output From Major Shale Plays To Fall 91,000 Barrels a Day In August

Oil production from seven major U.S. shale plays is expected to fall by 91,000 barrels a day in August from July, according to a monthly report from the Energy Information Administration released Monday. Oil output at the Eagle Ford shale play in South Texas is forecast to see the biggest decline, down 55,000 barrels a day in August, as the Bakken shale play, which stretches from Canada into North Dakota and Montana, is expected to see output fall by 22,000 barrels a day, the report said. Oil prices fell Monday, with August oil settling at $52.20 a barrel, down 54 cents, or 1%.