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US NEWS 
July 16, 2018, by Jessica Resnik-Ault
NEW YORK (Reuters) – U.S. oil output from seven major shale formations is expected to rise by 143,000 barrels a day to 7.47 million barrels per day in August, the U.S. Energy Information Administration said in a monthly report Monday.
Production is expected to rise across all 7 formations, with the largest gain of 73,000 barrels per day seen in the Permian Basin of Texas and New Mexico.
Reporting By Jessica Resnick-Ault; editing by Diane Craft
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