Energy & climate
U.S. shale 2026 outlook cut to 11.09mb/d; DUC wells rise fourth month
The EIA's May Short-Term Energy Outlook cut its 2026 U.S. shale production forecast from 11.25mb/d to 11.09mb/d and lowered total crude output from 13.42mb/d to 13.37mb/d. Drilled but uncompleted wells rose by 25 in May to 5,319, the longest increasing streak since Covid.
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