Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 70,000 barrels per day (bpd) to a record 5.208 million bpd in April, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale oil basins will rise 117,000 bpd to 8.708 million bpd in April, the most since March 2020, EIA projected. In the Bakken in North Dakota and Montana, EIA projected oil output will rise 16,000 bpd to 1.188 million bpd in April, the most since December 2020. In the Eagle Ford in South Texas, output will rise 23,000 bpd to […]