US Shale Oil Output To Top 8 MMbbl/d By Year-End: EIA

Oil production from seven major U.S. shale basins is expected to surpass 8 million barrels per day (MMbbl/d) by the end of the year, the U.S. Energy Information Administration said in a monthly report on Dec. 17.

The United States has surpassed Russia and Saudi Arabia as the world’s biggest oil producer, with overall crude production climbing to a weekly record of 11.7 MMbbl/d.