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Shale output in US seen to drop for 12th month in November

Published Tue, Oct 18, 2016 · 09:50 PM
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Washington

US shale oil production was expected to fall for a 12th consecutive month in November, according to a US government forecast released on Monday, on the back of a two-year global rout in oil markets.

November oil production was expected to fall by 30,000 barrels per day to 4.43 million bpd, according to the US Energy In…

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