The EIA lowers its US crude oil production forecast for this year and next due to recent severe weather but said improving technology could boost shale oil output over the next two years. Feb 11 (Reuters) – The Energy Information Administration on Tuesday lowered its U.S. crude oil production forecast for this year and next due to recent severe weather but said improving technology could boost shale oil output over the next two years. In its latest monthly short-term energy outlook, the information arm of the U.S. Department of Energy cut its 2014 crude oil production forecast by 100,000 barrels per day (bpd) to 8.4 million bpd and by 100,000 bpd to 9.2 million bpd for 2015. “The U.S. crude oil production forecast for both 2014 and 2015 was revised downward … because of indications that severe weather this winter has caused temporary slowdowns in completing […]