EIA Revises Permian Oil Outlook

Oil production in the Permian has grown over the past four months and will continue growing until the end of the year. This is according to the latest production estimates by the Energy Information Administration, which had forecast output declines in the Permian for the last four months. Now, the agency has revised its forecast, expecting continual growth. In November alone, oil production in the Permian is seen rising to 5.981 million barrels daily, from 5.976 million bpd in October. At the same time, total shale oil output is set to fall in…