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EIA expects US oil production to rise in 2015
Shale oil production will continue to increase till the first half of the year, but then decline in the second half
Add BT as a preferred sourcePublished Wed, Jan 14, 2015 · 09:50 PM
Houston
EVEN with oil prices continuing to plummet and oil companies decommissioning drilling rigs every day, the Energy Department on Tuesday projected that domestic crude production would continue to rise in 2015, although growth would slow.
The forecast of even more American supplies on an oversupplied global market was not unexpected, but it added to the probability that oil prices that have plummeted by around 55 per cent since June will not completely recover any time soon.
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