EIA sees large drop in US oil productionFourth consecutive month of increase in Brent, up $5 from April to $47 per barrel in May, since 12-year low of $31 in January KRISTEN NELSON Petroleum News
The North Sea Brent crude oil spot price averaged $47 per barrel in May, up $5 from April and the fourth consecutive monthly increase since the price reached a 12-year low of $31 per barrel in January, the U.S. Energy Information Administration said June 7 in its Short-Term Energy Outlook.
The agen....
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US production Price driver decline Natural gas
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