U.S. Cuts Oil Production Forecast for the First Time in 6 Months
Pressure gauges sit on pipework at a shale gas collection and transfer facility at the Fuling shale gas project site. (Photographer: Qilai Shen/Bloomberg)

U.S. Cuts Oil Production Forecast for the First Time in 6 Months

(Bloomberg) -- The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico.
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