Shale output to keep rising

HOUSTON: Shale production in the largest US oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry’s latest quarterly results.

The higher outlooks, amid worries the recent breakneck pace of gains may not be sustained, come on the heels of one high-profile Permian Basin producer’s oil output miss last quarter and decisions by several other energy companies to trim annual budgets.