UPDATE 2-U.S. shale oil output to top 8 mln bpd by year-end: EIA | Reuters

UPDATE 2-U.S. shale oil output to top 8 mln bpd by year-end: EIA | Reuters:

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

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 million bpd.

When December ends, shale production is expected to climb to 8.03 million bpd for the first time on record and forecast to rise by about 134,000 barrels per day (bpd) in January to 8.17 million bpd.