US shale oil production will fall to 8.53 million b/d in May, down 183,000 b/d from April, with declines seen in every major basin, the Energy Information Administration said Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The latest projections show that plunging oil prices and free-falling global demand have started taking a toll on US drilling activity. EIA projected April shale oil production at 8.71 million b/d, a downward revision of 366,000 b/d from last month’s Drilling Productivity Report. Additional coverage Permian oil production will fall to 4.51 million b/d in May, down 76,000 b/d from April, EIA said. The April figure is down 172,000 b/d from last month’s forecast. After the Permian, the next-largest decline will be in the Eagle Ford, dropping 35,000 b/d from April to 1.3 million b/d in May, EIA said. Bakken oil production is expected to […]