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Below are the key highlights from the recently published EIA report as reported by Reuters.

  • U.S. Crude oil production fell 30,000 bpd in May to 10.442 mln bpd (vs revised 10.472 mln bpd in April).
  • U.S. April oil production revised up by 5,000 bpd to 10.472 mln bpd.
  • North Dakota oil output up 25,000 bpd in May vs April; Texas +20,000 bpd; offshore gulf -75,000 bpd.