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July 13, 2020, 2:14 p.m. EDT

EIA forecasts a fall of 56,000 barrels a day in August U.S. shale oil output

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By Myra P. Saefong

Crude-oil production from seven major U.S. shale plays is forecast to decline by 56,000 barrels a day in August to 7.49 million barrels a day, according to a monthly report from the Energy Information Administration released Monday. Shale output from six out of the seven major U.S. shale plays is expected to post monthly declines, with the Eagle Ford region forecast to see the biggest oil output decline, down 23,000 barrels per day in August. The data were released ahead of the New York Mercantile Exchange settlement for oil futures. August West Texas Intermediate oil was trading little changed for the session, down 8 cents, or 0.2%, to $40.47 a barrel.

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