US ’18 production at 10 million bpd
Overall higher production expected to curb oil prices this year, next; North Sea Brent spot averaged $52 in April, up $1 from March
The average for North Sea Brent crude oil spot prices was $52 per barrel in April, up $1 per barrel from March, the U.S. Energy Information Administration said May 9 in its monthly Short-Term Energy Outlook. EIA said April was the fifth consecutive month that Brent averaged between $50 and $55 per b....
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Lower price forecast
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