EIA: Crude prices down, US production upAgency cites weaker global demand, increased Libyan exports for drop in prices; US hits highest monthly production since July 1986 Kristen Nelson Petroleum News
The North Sea Brent crude oil spot price averaged $102 per barrel in August, the first time in 14 months that price has fallen outside a range of $107 to $112 per barrel, the U.S. Energy Information Administration said in its September Short-Term Energy Outlook, issued Sept. 9.
“Weakening global de....
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Domestic production up Natural gas prices down
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