EIA: U.S. Shale Oil Output Forecast To Fall By 85,000 Barrels a Day In September

Oil production from seven major U.S. shale plays is forecast to decline by 85,000 barrels a day to 4.47 million barrels a day in September from August, according to a monthly report from the Energy Information Administration released Monday. Oil output at the Eagle Ford shale play in South Texas is expected to see the largest decline, down 53,000 barrels a day. However, output from the Permian Basin, which covers parts of western Texas and southeastern New Mexico, is expected to edge up by 3,000 barrels a day. September oil traded at $45.63 a barrel, up $1.14, or 2.5%, shortly before the settlement on the New York Mercantile Exchange.

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