Crude oil production in the seven major US shale basins will fall by a record 197,000 barrels per day next month, the Energy Information Administration said.
Production in the seven most prolific shale basins in the United States is expected to fall to 7.822 million bpd, the EIA said, down from...
Oil prices rose slightly on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic.
Benchmark Brent crude climbed 7 cents, or 0.2%, to $34.88 a barrel, after earlier...