US shale oil production growth revised downward, natural gas outlook rises: EIA

The US shale oil production forecast was revised downward in March by 116,000 b/d, although it is now expected to hit the previous March projection in April, the US Energy Information Administration said March 14. The EIA’s new Drilling Productivity Report pegs shale volumes in March at 8.591 million b/d and growing to 8.708 million b/d in April, driven by…