The U.S. has lost 1 percent of its shale oil production this month. Oil production from the major U.S. shale plays is expected to fall 86,000 bpd in June of 2015. The supply of oil worldwide still is higher than the worldwide demand for oil. Has there been a production peak at the notable Eagle Ford and Bakken shale play areas? According to the most recent EIA report the former statement could yield a yes. The EIA has forecasted that oil production from the seven major U.S. shale plays which include Bakken, Eagle Ford, Utica, Niobrara, Marcellus, Haynesville and Permian, will fall by 86,000 bpd in June of 2015. This month the U.S. has lost 1 percent of its shale oil production, and most analysts believe that this is just the beginning. On Wednesday, May 13, 2015, oil rose toward its five month high. The factors contributing to […]