US shale oil output to rise 123,000 bpd in May

NEW YORK: US shale production in May is expected to rise 123,000 barrels per day to 5.19 million bpd, government data showed on Monday.

In the Permian, oil production is forecast to rise by 76,000 bpd to 2.36 million bpd, according to the US Energy Information Administration's drilling productivity report.

In the Eagle Ford region, output is set to rise by 39,000 bpd to 1.22 million bpd. Production in the Bakken is forecast to drop 1,400 bpd to 1.02 million bp.