EIA forecasts lower OPEC production
North Sea Brent spot prices average $50 in May, down $2 from April, expected to average $53 per barrel this year, $56 next year
The U.S. Energy Information Administration said June 6 in its Short-Term Energy Outlook that North Sea Brent crude oil spot prices averaged $50 per barrel in May, down $2 from the April average. The price is forecast to average $53 per barrel this year and $56 per barrel in 2018, with West Texas Int....
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US natural gas production up
Brent down 89 cents
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