U.S. shale oil output to rise to record 8.179 million bpd in February: EIA | Reuters

U.S. shale oil output to rise to record 8.179 million bpd in February: EIA | Reuters:

U.S. oil output from seven major shale formations is expected to rise by nearly 63,000 barrels per day (bpd) in February to a record 8.179 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday.

The largest change is forecast in the Permian Basin of Texas and New Mexico, where output is expected to climb by 23,000 bpd to a record of about 3.85 million bpd in February.

Rising U.S. shale production has helped vault the country to the position of world’s biggest oil producer, ahead of Saudi Arabia and Russia. Overall crude production has climbed to a weekly record of 11.9 million bpd.