U.S. Crude Oil Production Slowed in May

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The Energy Information Administration reported that May U.S. crude oil production averaged 10.442 million barrels per day (mmbd), off 30,000 b/d from April’s all-time record high of 10.472 mmbd. However, May’s production was also lower than 10.461 mmbd posted for March. From December through March, production had spiked by 423,000 b/d. Part of the explanation […]

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