American Shale Output Hits Heading for 6-Month High in June

After U.S. oil output hit an all-time high in the final two months of 2023 with year-over-year growth clocking in at over 1 million barrels per day, the Energy Information Administration (EIA) said on Monday that American shale output from the top-producing regions would soar to a six-month high in June.  In its monthly Drilling Productivity Report released on Monday, the EIA said production in the top basins in the American shale patch would hit 9.85 million barrels per day–a volume not seen since December.  With shale output accounting…