CNBC| Tom DiChristopher
US shale producers are slated to increase their output in April according to the EIA.
U.S. shale producers will increase their output in April, building on increases in recent months as higher oil prices make more American drilling profitable, according to the Energy Information Administration. The EIA on Monday forecast net oil production from seven major oil and natural gas basins will increase by 109,000 barrels a day next month. That would put output from those basins at nearly 5 million barrels a day. The latest Drilling Productivity Report provides further evidence that U.S. shale is responding to higher prices brought on by output cuts by OPEC and other major crude-producing nations.
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