U.S. shale oil production has increased to 13.7 million bpd as of May 8, up from 13.6 million bpd the previous week, driven by a surge in crude prices following the Iran war. U.S. crude exports have also risen over 60% to nearly 6.5 million bpd. However, future output gains are expected to be limited due to maturing shale basins and a focus on spending discipline among producers.
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