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NEW YORK: US shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 barrels per day (bpd) to 5.585 million bpd in August, the US Energy Department said in a report on Monday.

The Permian Basin of Texas and New Mexico is expected to produce 2.535 million bpd, up 64,000 bpd from July, the US Energy Information Administration said.

 

Copyright Reuters, 2017

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