American oil production is growing more slowly than expected

US shale oil growth is slower than expected.

US oil production may not be growing quite as fast as everyone thinks.

American drillers pumped 10.442 million barrels a day in May -- about 300,000 fewer barrels per day than the Energy Information Administration had projected. In a report released Tuesday, the agency revised its weekly production estimates for the month, lowering average May output by 3 percent. The slide comes as the nation churns out records volume of crude, with explorers expanding the U.S. rig fleet by more than 110 since January.

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