EIA forecasts lower WTI crude oil pricesUS total crude oil production expected to average 6.2 million bpd this year, up 500,000 bpd from 2011 and highest level since 1998 Kristen Nelson Petroleum News
Crude oil prices are dropping and U.S. crude oil production is rising, the U.S. Energy Information Administration said in its May short-term energy forecast, released May 8.
EIA is now forecasting a $110 per barrel U.S. refiner acquisition cost this year, down $2.50 per barrel from the April outloo....
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US production highest since 1998 US natural gas increases
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