US shale oil production is set to increase only 11,000 b/d in February and 18,000 b/d in March, low growth levels not seen in over three years, the US Energy Information Administration said Tuesday, with only the Permian Basin increasing output in the months.  Last month, EIA pegged February output growth at 22,000 b/d in its initial estimate before halving that figure in its revised forecast 30 days later in its Drilling Productivity Report. The last time the agency’s forward growth forecast for shale oil was lower was January 2017, when the growth rate was pegged at 2,000 b/d and total shale oil output was supposed to reach […]