Ruters 2/13 (Reporting by Catherine Ngai; Editing by Marguerita Choy and Leslie Adler)

Thursday, January 25, 2018

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Reuters (2/13) reports the US Energy Information Administration’s drilling productivity report shows that March oil production “is forecast to rise by 79,000 barrels per day to 4.87 million bpd,” which would be the biggest monthly rise since October. In the Permian shale play of West Texas and New Mexico, output “is forecast to rise by more than 70,000 bpd to 2.25 million bpd, in what would be the biggest monthly rise since January 2016.” Meanwhile, Eagle Ford production in Texas “is expected to rise by 14,000 bpd to 1.08 million bpd, the first monthly increase since December 2015, EIA data showed.”