A crude tanker near the El Segundo Offshore Oil Terminal in El Segundo, Calif. PHOTO: TIM RUE/BLOOMBERG NEWS A U.S. shale boom that helped fuel surging oil exports over recent years is waning. The country’s crude oil output is expected to increase by just 170,000 barrels a day in 2024 from last year, down from a jump of 1 million barrels a day in 2023. The WSJ’s Bob Henderson reports the increase is the smallest annual gain since 2016, not counting the pandemic.