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US shale oil boom turns to gloom with output set to fall

Production from prolific tight-rock formations such as Bakken will decline 57,000 barrels a day in May, forecasts EIA

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THE shale oil boom that pushed US crude production to the highest level in four decades is grinding to a halt.

New York

THE shale oil boom that pushed US crude production to the highest level in four decades is grinding to a halt.

Output from the prolific tight-rock formations such as North Dakota's Bakken shale will decline 57,000 barrels a day in May, the Energy Information Administration...

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