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Industry News

US Boosts 2015 Oil Forecast As Shale Powers Push To 10 MMbpd

09/09/2014
Author:Reuters; Reporting: Catherine Ngai; Editing: David Gregorio

NEW YORK - The U.S. government on Tuesday jacked up its forecast for oil production next year by 250,000 barrels per day (bpd) as the boom in shale oil drilling continues to confound expectations of slower growth.