EIA sees large drop in US oil production

June 10, 2016

Responsive image

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…

Category: Oil & Gas