U.S. shale oil production in April is expected to chalk up the second-largest monthly decline on record, and the sixth straight monthly decrease, a U.S. government forecast released on Monday showed. Total output is expected to fall by 106,000 barrels per day to 4.87 million bpd, according to the U.S. Energy Information Administration’s (EIA) drilling productivity report. That would be the second largest monthly drop after a record 121,000 bpd-decline in January 2015, based on data dating back to 2007. Production from the Bakken Formation in North Dakota is expected to fall 28,000 bpd, the fifth consecutive monthly drop, while output from the Eagle Ford Formation is forecast to drop 58,000 bpd, the ninth consecutive monthly slide, the EIA said. Production from the Permian Basin in West Texas is expected to fall 4,000 bpd, the first decline […]