U.S. Shale Oil Production Slips Again in November, Natural Gas Output Also Declines

U.S. oil output from top shale regions expected to fall for third straight month in November to lowest since May.

Permian Basin output set to drop 30,000 bpd to 5.9 million bpd, lowest since February.

Eagle Ford production due to fall 19,000 bpd to 1.12 million bpd, lowest since January.

Bakken output to rise slightly to 1.27 million bpd, highest since March 2020.

Total natural gas output from big shale basins to drop 0.5 bcfd to 98.8 bcfd in November, lowest since April.